Citi Comments On Meeting With Bank Of New York Mellon CFO

In a report published Citi, it met with Bank of New York Mellon Corp. BK CFO Todd Gibbons yesterday.

Citi said that, in it's meeting with Gibbons, the key subjects discussed were the capital deployment initiatives, capital outlook under Basel III, international growth, and expense saves and future improvement in operating leverage. “Capital received most of the focus and the theme was flexibility in terms of capital deployment options post stress test results, continued internal capital generation, and the ability to bump up capital through lower-rated securities sales (though they choose to retain).”

The Bank of New York Mellon Corp.closed yesterday at $30.59.