Thursday, 21 July 2016

Interest Rate Hedges Hurt BNY Mellon

The Brexit vote last month gave a small boost to second-quarter profit at Bank of New York Mellon, but the low interest rate environment continued to bedevil the custody bank in many segments of its business.

source http://www.americanbanker.com/news/national-regional/interest-rate-hedges-hurt-bny-mellon-1090313-1.html

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