Íø±¬³Ô¹Ï

Home   News   Features   Interviews   Magazine Archive   Symposium   Industry Awards  
Subscribe
Íø±¬³Ô¹Ï
Leading the Way

Global Íø±¬³Ô¹Ï Finance News and Commentary
≔ Menu
Íø±¬³Ô¹Ï
Leading the Way

Global Íø±¬³Ô¹Ï Finance News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Industry news
  3. BNY Mellon sees year-end lending revenue drop off
Industry news

BNY Mellon sees year-end lending revenue drop off


20 January 2020 New York
Reporter: Natalie Turner

Generic business image for news article
Image: Shutterstock
BNY Mellon’s Q4 2019 report showed a 7 percent decrease in securities lending revenue, compared to the same period the year before.

The bank’s agent lending desk, which is housed within its investment services business, brought in $40 million for the final quarter of 2019, down from $43 million in Q4 2018, but up from $39 million in Q3 2019.

In its quarterly report, BNY Mellon also revealed that the market value of its securities on loan at the end of Q4 was valued at $379 billion, compared to $373 billion at year-end 2018 and $372 billion at the close of Q3 2019.

The bank clarified that these figures do not include securities for which BNY Mellon acts as agent on behalf of CIBC Mellon clients, which totalled $60 billion as of 31 December 2019, $66 billion at the end of Q3 2019, and $58 billion at the end of 2018.

Elsewhere, BNY Mellon’s clearance and collateral management revenue increased slightly from $278 million in Q4 2018 to $280 million last quarter.

The bank says year-over-year increase primarily reflects growth in collateral management and clearance volumes, which were mostly offset by lower net interest revenue.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Íø±¬³Ô¹Ï Finance Times
Advertisement
Subscribe today
Knowledge base

Companies in this article
→ CIBC Mellon
→ BNY Mellon

Explore our extensive directory to find all the essential contacts you need

Visit our directory →
Glossary terms in this article
→ Collateral

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →