BNY Mellon to Move Forward with Capital Plan

BNY Mellon BK, the global leader in investment management and investment services, today confirmed that the Federal Reserve did not object to its comprehensive capital plan, which provides for second quarter capital actions, including a dividend increase and share repurchases.

"We are pleased that, after a review of our capital plan, the Fed has no objection to the execution of our plan to return capital to our shareholders by increasing our dividend and resuming our share repurchase program," said Robert P. Kelly, BNY Mellon chairman and chief executive officer.