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       Sector: Financial  >  Industry: Money Center Banks
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BK: Bull or Bear? From:    SocialPicks  |  Blogsphere  |  All

From the Blogosphere

Central Banks lead a shift away from the dollar

Filed under: India, China, Brazil, Russia, Market matters, Money and Finance Today, Federal Reserve

The US dollar is down 20% since 2002 on a trade weighted basis. Other world economies like China are dynamic, with growth rates of 8 and 9%. With that kind of clout, countries like China, India and Brazil, can choose where to place their reserves.

<>Slowly, developing countries are shifting their reserves away from the dollar into the euro and yen. Neil Mellor, strategist at Bank of New York Mellon Corp (NYSE: BK), which has some $20 trillion dollars in assets under custody said: "I don't think ...
By  Connie Madon   (+0.00%)  11/05/09 Comment


BNY Mellon Completes Acquisitions – Analyst Blog
Logo1
38%

Yesterday, the Bank of New York Mellon Corporation (BK) completed two acquisitions - Insight Investment Management Limited and Pinnacle Arbitrage Compliance.

It acquired Insight Investment Management Limited from Lloyds Banking Group plc (LYG) Insight Investment specializes in Liability Driven Investment (LDI) solutions, active Fixed Income and Absolute Return and is based in London. Its clients include some of the UK's largest pension schemes, corporations, insurance companies and local authorities, along with a growing number of non-UK clients and some of the best known financial service...
By  StraightStocks   (-6.13%  risk: moderate)  11/03/09 Comment


BNY Mellon Completes Acquisitions
Bank of New York Mellon Corporation (BK) completed two acquisitions - Insight Investment Management Limited and Pinnacle Arbitrage Compliance.
By  Zacks.com   (-12.96%  risk: moderate)  11/03/09 Comment


BNY Mellon Completes Acquisitions
28%
Bank of New York Mellon Corporation (BK) completed two acquisitions - Insight Investment Management Limited and Pinnacle Arbitrage Compliance.
By  reity   (-33.88%  risk: aggressive)  11/03/09 Comment


Bank of New York Mellon: Sideways action is Buy opportunity Graphic_rating_buy BK

Filed under: Bank of New York (BK), Stocks to Buy

The extended Buy opportunity continues at Bank of New York Mellon (NYSE: BK), and I'm Reiterating my Buy rating for the company's shares, first recommended on April 6, 2009 at a price of $28.16.

Founded by Alexander Hamilton, The Bank of New York provides services that enable institutions and individuals to move and manage their financial assets in more than 100 markets globally. The core of BK's business -- custodial services -- is doing just fine, with $16 trillion in assets under custody.<><>Continue reading <>Bank of New York Mellon: Sideways a...
By  Joseph Lazzaro   (+1.61%  risk: moderate)  10/27/09 Comment



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