Tag Archive for ‘Troubled Asset Relief Porgram’
Later this month, the U.S. Federal Reserve is going to let banks know how they did on its most recent round of “stress tests,” a follow-up to the tests the Fed conducted in the wake of the financial crisis. But reporter Jesse Eisinger says something seems different this time around. It’s almost as if the banks knew their results, even before the testing was complete.
Fiduciary responsibility “has often been defined exclusively in financial terms, such as maximizing returns to provide for retired employees,” the firm said. “However, there is growing discussion that the way in which those returns are achieved is just as important.” BNY Mellon has $22.3 trillion in assets under custody or administration and $1.1 trillion under management.