Sally Bakewell

Jan 15, 2025 | bloomberg.com | Sally Bakewell

Bank of New York Mellon Corp.’s fourth-quarter profit topped analyst expectations after higher-for-longer interest rates boosted margins. The bank reported total revenue of $4.85 billion, up 11% on a year ago and exceeding projections for $4.68 billion. The bank was helped by net interest income declining just 1% over the course of the year, better than the 10% fall executives had been anticipating in July.

Jan 14, 2025 | bloomberg.com | Sally Bakewell

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Nov 15, 2024 | seattletimes.com | Sally Bakewell

A top U.S. consumer watchdog warned companies not to use tools that track or assess their workers without their knowledge or permission, a move that comes amid the emergence of new technology making it easier to monitor staffers. Employers are increasingly deploying tools such as algorithmic scores or background dossiers to assess workers, the Consumer Financial Protection Bureau said in a statement.

Nov 12, 2024 | bloomberg.com | Sally Bakewell

Atlas Merchant Capital Chief Executive Officer Bob Diamond said President-elect Donald Trump is likely to usher in an era of even lighter-touch regulation after less-stringent rules have already helped US banks compete against their UK rivals. “It’s pretty clear this administration will be less aggressive on regulation — I think for the big banks we’ll continue to see strong performance,” Diamond said in a Bloomberg Television interview Tuesday. “It’s been very beneficial to the US banks.

Nov 8, 2024 | bnnbloomberg.ca | Sally Bakewell

(Bloomberg) -- The Trump administration’s lighter touch on antitrust will lead to a boom in mergers and acquisitions, according to the leader of deal-making firm Perella Weinberg Partners. “For the last two years or so, the industry has really been wearing a weight vest in the M&A markets — we’ve had a very muscular antitrust authority, not just in the US, but globally,” Chief Executive Officer Andrew Bednar said in an interview with Bloomberg TV.