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BloggingStocks (Free subscription) | 11/05/2009
... 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 there will be an imminent move, but it is quite clear there's a plan to shift reserves to a more balanced portfolio." Barclays Capital Research reported that central banks...
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The Business Insider (Free subscription) | 11/05/2009
Bank of New York Mellon Corp. Chief Executive Robert Kelly is slamming the door on the prospect of becoming the next Bank of America CEO. Kelly has been approached several times about succeeding Kenneth Lewis who is planning to retire as BofA chief at the end of the year. Continue reading » Join the conversation about this story » See Also: Bank Of America So Desperate For...