{"id":13882,"date":"2010-01-29T05:36:08","date_gmt":"2010-01-29T09:36:08","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/01\/2010\/bny-mellon-said-to-be-in-talks-for-pnc-unit-to-add-fund-clients.html"},"modified":"2010-01-29T05:36:08","modified_gmt":"2010-01-29T09:36:08","slug":"bny-mellon-said-to-be-in-talks-for-pnc-unit-to-add-fund-clients","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2010\/bny-mellon-said-to-be-in-talks-for-pnc-unit-to-add-fund-clients.html","title":{"rendered":"BNY Mellon Said to Be in Talks for PNC Unit to Add Fund Clients"},"content":{"rendered":"<p>Bloomberg &#8211; Bank of New York Mellon Corp is in talks to buy PNC Financial Services Group Inc.\u2019s global investment-servicing unit for as much as $2.5 billion to add hedge-fund and mutual-fund clients, said a person familiar with the matter.<\/p>\n<p>A final agreement hasn\u2019t been reached, said the person, who declined to be identified because the discussions are private. The purchase would add about $2 trillion in assets administered for mutual funds and hedge funds to the $22.3 trillion New York- based BNY oversees.<\/p>\n<p><a title=\"Read Complete Article\" href=\"http:\/\/www.businessweek.com\/news\/2010-01-29\/bny-mellon-said-to-be-in-talks-for-pnc-unit-to-add-fund-clients.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Bank of New York Mellon Corp is in talks to buy PNC Financial Services Group Inc.\u2019s global investment-servicing unit for as much as $2.5 billion to add hedge-fund and mutual-fund clients, said a person familiar with the matter. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-13882","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/13882","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=13882"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/13882\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=13882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=13882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=13882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}