BNY Sees Blockchain’s Future Inside the Banking System

Bank of New York Mellon’s ( BNY ) record second-quarter results announced Wednesday (July 15) were built on some of the oldest activities in finance: safeguarding assets, processing transactions, managing collateral and earning interest on client balances. The bank reported record revenue of $5.7 billion, up 13% from a year earlier, while assets under custody and administration climbed to $62.6 trillion. BNY’s share price rose on the strength of the earnings and touched a new all-time high of $1