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Cable car passes Wells Fargo bank building in San Francisco

Wells Fargo bumped their new CEO’s salary 40% — to $23 million — to convince him to join

New Wells Fargo CEO Charles Scharf's annual target compensation is $23 million, according to a filing from the bank Friday.

WATCH LIVE — IGNITION: Transforming Finance livestream from the New York Stock Exchange on June 10

Hear from top execs from Goldman Sachs, J.P. Morgan, Citi, BNY Mellon, Barclays, and Morgan Stanley as they talk industry transformation on June 10.

Special offer to attend IGNITION: Transforming Finance at the New York Stock Exchange on June 10!

Join top execs from Goldman Sachs, JP Morgan, Citi, BNY Mellon, Barclays, and Morgan Stanley as they talk finance industry transformation at the NYSE.
An employee holds a display of dried marijuana at the Fire and Flower store as the first legal cannabis stores open in the province of Ontario, in Ottawa, Ontario, Canada, April 1, 2019.

BNY has quietly started working with a marijuana ETF — and it’s about to be the first major bank to help the world’s largest funds i...

Institutional investors have previously avoided investing in cannabis because no federally-chartered banks would hold the stock. BNY has changed that.
Matthew Mellon, centre, at a Dom Perignon party in Miami in 2015.

Billionaire banking heir and cryptocurrency investor Matthew Mellon dies at 54

Mellon is a descendant of the founder of Mellon Bank and investment bank Drexel-Burnham-Lambert.

MORGAN STANLEY: There’s one company pulling ahead in blockchain tech

There's more to blockchain than just Bitcoin, and banks are ready to cash in.

Meet the 31-year-old who mentors the CEO of a $44 billion company

A 31-year-old employee mentors the CEO of BNY Mellon in a reverse mentoring program

Only one thing that can jumpstart the global economy right now — but no government is willing to do it

However, there is only one thing that could truly kickstart the global economy: fiscal stimulus. The issue is, no country wants to do it.

A big bank got fined $15 million for giving internships to the ‘less than exemplary’ kids of Middle Eastern officials

BNY Mellon agreed to pay the fine without admitting or denying it violated anti-bribery and internal accounting controls provisions of the Foreign Corrupt Practices Act.