Advertisement
New Zealand markets closed
  • NZX 50

    11,874.04
    +6.46 (+0.05%)
     
  • NZD/USD

    0.5938
    +0.0009 (+0.15%)
     
  • ALL ORDS

    7,849.40
    +17.50 (+0.22%)
     
  • OIL

    79.73
    +0.73 (+0.92%)
     
  • GOLD

    2,315.90
    +4.90 (+0.21%)
     

BNY Mellon’s Pershing Is Still Losing Assets. Blame the Regional Bank Crisis.

BNY Mellon’s Pershing Is Still Losing Assets. Blame the Regional Bank Crisis.

The custody unit of Bank of New York reported net asset outflows of $2 billion for the first quarter.