BNY Mellon sees sec lending revenues spike 27 March 2019New York Reporter: Maddie Saghir
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BNY Mellon’s securities lending revenue increased from $168 million in 2017 to $198 in 2018 marking an 18 percent increase.
The results, published in the BNY Mellon 2018 report, noted that increased securities lending volumes contributed to an increase in asset servicing revenue.
Meanwhile, revenues from the Asia Pacific (APAC) were $1.1 billion in 2018, compared with $997 million in 2017 and $922 million in 2016.
Revenues from APAC increased 11 percent in 2018 compared with 2017, which, among other factors, was primarily reflected by higher net interest revenue, securities lending volumes
and growth in collateral management.
This was partially offset by the unfavourable impact of lost business on clearing services fees, the unfavourable impact of a stronger US dollar and the downsizing of the UK transfer agency business, the report explained.
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