Bank of New York Mellon Exits Derivatives As Margin Compression Pounds IndustryMark Melin
The Bank of New York Mellon Corporation (NYSE:BK) is closing the door on its foray into the highly competitive derivatives industry at a time of historic margin compression.
Bank of New York Mellon shutting down derivatives business
Kelly Bit from Bloomberg is reporting that Bank of New York Mellon, the world’s largest custody bank, is closing its derivatives . . .
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