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‘Father of the index fund’ who co-founded Mellon Capital Management
FRC had called for record penalty of £12.5m over botched reports
Trust bank says it contended with ‘difficult operating environment’ in second quarter
State Street and BNY Mellon are getting squeezed as investor clients seek lower fees
US bank will instead seek to extend lease on its current Queen Victoria Street base
BNY Mellon has new chief executive of its $246bn wealth management arm
Chief executive talks about the fund industry’s future, AI . . . and Jersey cows
Tweak to controversial leverage ratio will benefit custody banks in particular
Tom Hoenig says relaxation of post-crisis constraints could undermine US economy
New chief executive says tough backdrop is unlikely to change at US’s oldest bank
Brian Conroy returns to Fidelity Investments
Bank’s chief executive-to-be says activities will move to front office
Credit card issuer posts quarterly loss
Regulators approve living wills designed to avert future bailouts
Vanguard, BlackRock and BNY Mellon have weak record holding US utilities to account
Artemis, Hargreave Hale, Newton and River & Mercantile investigated by UK watchdog
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