BNI Financial News

Asset managers have become increasingly jittery about greenwashing over the past 12 months. Regulators have begun to crack down on firms that overstep the mark when it comes to marketing their sustainable investment funds.

Governments, investors and corporates from around the world will have to stump up an estimated $100tn in green investment in order to reach net-zero emissions by 2050, research from BNY Mellon Investment Management has found.

BNY Mellon’s expansion to become a custodian for crypto is fuelled by high client demand according to its custody services chief executive, Caroline Butler.

After winning the approval of New York's financial regulator earlier this fall, the Bank of New York Mellon is all set to hold its customers' bitcoin and ether starting this week. The nation’s oldest bank has added cryptocurrencies to its custody services.

Bank of New York Mellon is now open for crypto business.

The bank has been working closely with Fireblocks and Chainalysis to integrate their technology in order to meet the present and future security and compliance needs of clients across the digital asset space.Roman Regelman, CEO of Securities Services & Digital at BNY Mellon, states: "With Digital Asset Custody, we continue our journey of trust and innovation into the evolving digital assets space, while embracing leading technology and collaborating with fintechs."A recent survey sponsored by BNY Mellon highlights already significant institutional demand for a resilient financial infrastructure built to accommodate both traditional and digital assets. According to the survey, almost all institutional investors (91%) are interested in investing in tokenized products.

BNY Mellon Pershing has poached EuroCCP's Cécile Nagel as its new Emea chief executive.

BNY Mellon Pershing has poached EuroCCP's Cécile Nagel as its new Emea chief executive.

Bank of New York Mellon hired a Goldman Sachs veteran as its next finance chief, a move that comes after the bank appointed a new chief executive earlier this year.

The ongoing greenwashing debacle surrounding DWS jolted the asset manager last week, after a dramatic twist that saw German authorities raid its Frankfurt offices, just eight days after the US regulators fined BNY Mellon for allegedly making misleading ESG claims.

The ongoing greenwashing debacle surrounding DWS jolted the asset manager last week, after a dramatic twist that saw German authorities raid its Frankfurt offices, just eight days after the US regulators fined BNY Mellon for allegedly making misleading ESG claims.

The ongoing greenwashing debacle surrounding DWS jolted the asset manager last week, after a dramatic twist which saw German authorities raid its Frankfurt offices, just eight days after the US regulators fined BNY Mellon for allegedly making misleading ESG claims.

The Securities and Exchange Commission fined the investment management arm of Bank of New York Mellon $1.5m for misleading claims it made about funds that use environmental and social criteria to pick stocks.

The Securities and Exchange Commission fined the investment management arm of Bank of New York Mellon $1.5m for misleading claims it made about funds that use environmental and social criteria to pick stocks.

Firms must be more transparent around hiring practices at middle management and tie diversity goals to compensation if they want to see progress, the author of Diary of a Black Man on Wall Street said.

Firms must be more transparent around hiring practices at middle management and tie diversity goals to compensation if they want to see progress, the author of Diary of a Black Man on Wall Street said.

When Euan Munro arrived at Newton Investment Management in June last year, he walked into a business in the midst of change.

When Euan Munro arrived at Newton Investment Management in June last year, he walked into a business in the midst of change.

When Euan Munro arrived at Newton Investment Management in June last year, he walked into a business in the midst of change.

US investment bank BNY Mellon said that Robin Vince, a former Goldman Sachs banker, will take over as chief executive officer on 31 August.

US investment bank BNY Mellon said that Robin Vince, a former Goldman Sachs banker, will take over as chief executive officer on 31 August.