Stocks Bank of New York Mellon Corp

More

  • Sept 8- Pump and valve maker Pentair Plc said it would appoint Ed Garden, founding partner of hedge fund Trian Fund Management LP, to its board. The appointment of Garden, who is also on the board of Wendys Co and Bank of New York Mellon Corp, will increase the size of Pentair's board to 12.. Over the past couple of years, Peltz has targeted DuPont and PepsiCo Inc among...

  • Secretary of the Commonwealth William Galvin said he has asked BNY Mellon and six of the largest fund companies affected how the technical glitch in fund accounting impacted individual investors. BNY Mellon roiled about 5 percent of the U.S. fund industry last month when one of the accounting systems it relies on to generate prices for mutual funds and...

  • BOSTON, Sept 4- The top securities regulator of Massachusetts said on Friday he is investigating the computer glitch at BNY Mellon Corp that last month disrupted pricing on more than $400 billion worth of mutual fund and exchange-traded fund assets. Secretary of Commonwealth William Galvin said he has asked BNY Mellon and six mutual funds the technical...

  • "There were a series of events that really call into question confidence in pricing and execution," said Larry Glazer, a managing partner at Mayflower Advisors, which oversees $2 billion in assets in Boston. Unlike rival State Street, which operates one global platform to calculate fund prices, BNY Mellon has five different systems, partly the result of...

  • Aug 31- BNY Mellon Corp said it has worked through a backlog of missing prices on about 1,200 mutual funds and exchange-traded funds, more than a week after a software glitch at the world's largest custody bank disrupted pricing for about 5 percent of the U.S. fund industry. BNY Mellon said on Monday it has completed production of system-generated net asset...

  • Aug 28- BNY Mellon Corp's computer glitch this week has disrupted pricing on nearly 5 percent of U.S. mutual funds and exchange-traded funds with about $404 billion in assets, according to data from Morningstar Inc and Lipper Inc.. BNY Mellon said on Friday it still does not know when the problems with mutual fund pricing will be fixed. An accounting system BNY...

  • Aug 28- BNY Mellon Corp's computer glitch this week disrupted pricing on nearly 5 percent of U.S. mutual funds and exchange-traded funds, according to data from Morningstar Inc and Lipper Inc.. BNY Mellon said on Friday it still does not know when the problems with mutual fund pricing will be fixed. An accounting system BNY Mellon uses to calculate fund values...

  • BNY MELLON'S COMPUTER GLITCH DISRUPTED PRICING ON NEARLY 5 PCT OF U.S.

  • Early movers: BIG, MYL, FCX, BGS, FB, ADSK & more Friday, 28 Aug 2015 | 8:40 AM ET
    Traders work on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • SUNGARD APOLOGIZES FOR FUND PRICING GLITCH AT BNY MELLON- STATEMENT.

  • Some of the largest U.S. fund managers rely on BNY Mellon to calculate the net asset value of their funds but a failed software upgrade last weekend buckled the system just as investors headed into a tumultuous week of trading sparked by fears about the Chinese economy. "BNY Mellon is the plumber to mutual funds and capital markets," said Mike Mayo, a banking analyst...

  • Fund managers rely on BNY Mellon to calculate the net asset value or NAVS of their funds but a failed software upgrade over the weekend floored its system just as investors were heading into a tumultuous week of trading sparked by fears about the Chinese economy.. "The system is up although some performance issues remain," BNY Mellon spokesman Kevin Heine said on...

  • BNY Mellon still having problems with fund pricing system Thursday, 27 Aug 2015 | 10:00 AM ET

    BOSTON, Aug 27- BNY Mellon Corp said on Thursday there are still problems with a computer system it relies on to calculate the prices of mutual fund and exchange-traded funds.

  • Funds scramble to assess computer glitch Thursday, 27 Aug 2015 | 3:32 AM ET
    The Bank of New York Mellon on Wall Street, New York.

    Regulators are scrambling to find out how many funds may have reported inaccurate prices as a result of a computer glitch, the FT reports.

  • BNY Mellon said an accounting system it relies on to calculate the prices of clients' mutual funds and exchange traded funds broke down over the weekend just as investors headed into a global market meltdown sparked by fears over the Chinese economy. The system, run by financial software provider SunGard, resumed with limited capacity on Tuesday but was still...

  • UPDATE 1-BNY Mellon says fund pricing system collapsed Wednesday, 26 Aug 2015 | 2:54 PM ET

    BNY Mellon blamed the pricing glitch on a system used by financial software provider SunGard. BNY Mellon spokesman Kevin Heine said he did not know how many funds had been affected. BNY Mellon was able to construct Monday net asset values for all affected funds.

  • BNY Mellon experiences problems with NAV calculations Wednesday, 26 Aug 2015 | 2:09 PM ET

    BNY Mellon was not available for comment. First Trust, which manages several exchange-traded funds, said on Wednesday in a statement that the net asset value of some of its funds contained errors greater than 1 percent. "The errors resulted from a technical malfunction at our third party administrator, the Bank of New York Mellon," First Trust said.

  • Lawsuits stemming from the FDIC's role as receiver for Austin- based Guaranty Bank, which had bought more than $2.7 billion of the securities, were filed against Citigroup Inc, Bank of New York Mellon Corp and US Bancorp late Wednesday in Manhattan federal court. The FDIC, whose full name is Federal Deposit Insurance Corp, said the banks failed in their role as bond...

  • Early movers: SHLD, DIS, VRX, FOSL, LMT & more Thursday, 20 Aug 2015 | 7:51 AM ET
    Traders work on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • NEW YORK, Aug 19- A U.S. regulator sued Bank of New York Mellon Corp on Wednesday over more than $2 billion in mortgage-backed securities purchased by a failed Texas bank, claiming BNY Mellon breached its duties as bond trustee to protect investors. Austin, Texas- based Guaranty Bank closed in August 2009, and the FDIC arranged for its deposits to be assumed by BBVA...