Robert Kelly, former Bank of New York Mellon Corp. chief executive officer, was named chairman of the Canada Mortgage & Housing Corp. in the government’s latest move to bolster oversight of the federal housing agency.
SolarCity Corp., a closely held developer of rooftop solar power systems backed by Google Inc. and Citigroup Inc., hired Robert Kelly as its chief financial officer, citing his experience at raising funds.
The 2007 merger that created Bank of New York Mellon Corp., the world’s largest custody bank, failed to deliver higher profits as the company lags behind its biggest rivals, according to Mike Mayo, an analyst at CLSA Ltd.
European banks, rattled by investor uncertainty about their ability to withstand a sovereign-debt crisis, are poised to win a reprieve in Basel, Switzerland, this week as regulators from 27 countries shape new capital rules.
Work toward overhauling the financial system has been hijacked by discussion of a bank tax to fund future bailouts, a JPMorgan Chase & Co. Inc. executive said yesterday at a Europlace conference in New York.