Bny Mellon

The banks in our annual ranking of the World’s Largest Global Custodians cite new requirements of asset managers as a top business driver.
The questions lingering over what happens next for the U.K. is only the first cause for economic uncertainty.
The firm’s custodied-asset total rose to $28.6 trillion in the 12 months through June.
A low-relative-cost, long-term investment might be as close as the parking lot of your nearest suburban office complex.
Here’s some reading to enjoy this weekend:
Some big custodian banks offer services through their peers in developing countries, but others cater to such markets largely on their own.
Custodian banks have been cutting costs with help from the likes of Trian Partners, the activist hedge fund firm founded by Nelson Peltz.
Administrators, hedge fund clients and investors all benefit from quick access to exhaustive daily trading information.
Corporations are capitalizing on low borrowing rates and using the cash generated from bond issues to shore up their balance sheets.
Advisers supporting the needs of the ultrawealthy are getting generations to explore their families’ legacy, financial and otherwise.