Home   News   Features   Interviews   Magazine Archive   Symposium   Industry Awards  
Subscribe
Securites Lending Times logo
Leading the Way

Global Securities Finance News and Commentary
≔ Menu
Securites Lending Times logo
Leading the Way

Global Securities Finance News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Industry news
  3. BNY Mellon sees marginal securities lending revenue rise
Industry news

BNY Mellon sees marginal securities lending revenue rise


18 January 2018 New York
Reporter: Zsuzsa Szabo

Generic business image for news article
Image: Shutterstock
BNY Mellon’s securities lending revenue for Q4 2017 slightly exceeded the previous year’s quarterly total by $1 million.

The New York-based investment bank reached $45 million last quarter, up from $44 million in Q4 2016.

The asset servicing fees for Q4 2017 overall reached $1.1 billion, a marginal increase on the $1.04 billion during the same period in Q4 2016.

Asset servicing fees increased 6 percent year-over-year and 2 percent sequentially.

The year-over-year increase primarily reflects higher equity market values, net new business, including growth in collateral management, and the favourable impact of the weaker US dollar.

BNY Mellon cited securities lending, net new business, equity market values and money market fees, as the primary drivers of its growth.

Charles Scharf, chair and CEO of BNY Mellon, said: “Our fourth quarter results were impacted by new tax legislation and actions that we took to strengthen our firm for the longer term.”
← Previous industry article

Clearstream to include Kazakh government bonds
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
Advertisement
Subscribe today
Knowledge base

Companies in this article
→ BNY Mellon

Explore our extensive directory to find all the essential contacts you need

Visit our directory →
Glossary terms in this article
→ Collateral

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →