Epstein File EFTA01366015: Charles, Forced and Targeted (DS10)

Epstein Index›Documents›EFTA01366015

⚡IMPACT LEVEL 3 — NOTEWORTHY

Epstein File EFTA01366015: Charles, Forced and Targeted (DS10)

Media / PressDate unavailableEFTA013660151 keyword hits

1

views

0

shares

0

reactions

1

persons

2

keywords

4

excerpts

This document is a Bloomberg news article by Charles Stein dated July 21, 2015, reporting on Bank of New York Mellon's earnings growth and discussing how activist investors Marcato Capital Management and Trian Fund Management targeted the custody bank. The article notes the bank has been forced to maintain expense discipline and waive fees due to low interest rates and competitive pressures.

👤 Named in This Document

Charles

🔑 Evidence Keywords

forced targeted

📋 Key Excerpts4

PersonKeyword

Excerpt 1

"With the activists swimming around, they have been **forced** to stay disciplined on expenses," Marty Mosby, an analyst with Vining Sparks in Memphis, Tennessee

Excerpt 2

Those costs add to headwinds from low interest rates, which have reduced returns on deposits and **forced** the bank and many of its rivals to waive fees on

Excerpt 3

Marcato Capital Management and Trian Fund Management **targeted** the custody bank after it lagged behind rivals in key measures of profitability.