|
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 65.26 USD | -0.68% |
|
+8.62% | +25.65% |
| 02:22pm | State Street posts higher AUM; revenue beats estimates on higher fees | RE |
| 12:17pm | North American Morning Briefing : Retail Sales, -2- | DJ |
(Reuters) - Bank of New York Mellon Corp is planning to cut 1,500 jobs, or around 3% of its workforce, this year, the Wall Street Journal reported on Friday, citing people familiar with the matter.
The bank did not immediately respond to a Reuters request for comment.
Separately on Friday, the bank reported a 38% drop in fourth-quarter profit to $509 million.
Banks heavily reliant on capital markets have been cutting jobs due to a slowdown in dealmaking, as the economic outlook worsens with the U.S. Federal Reserve hiking interest rates.
(Reporting by Niket Nishant in Bengaluru; Editing by Devika Syamnath)
| 1st Jan change | Capi. | |
|---|---|---|
| +25.65% | 48.49B | |
| +3.73% | 122B | |
| +6.93% | 100B | |
| +21.43% | 71.5B | |
| +31.45% | 69.7B | |
| +13.15% | 44.28B | |
| +26.44% | 38.4B | |
| +12.19% | 26.51B | |
| +8.42% | 23.78B | |
| +10.12% | 20.18B |
BANK OF NEW YORK MELLON CORPORATION (THE) 
