BNY Hassell - 2Q net income of $ $715 million , up 14.6 percent Gerald Hassell , beating estimates due to the bank reacting to pressure from activist hedge funds to cut costs and boost profit. The decline partly reflected lower headcount, the impact of curtailing the bank’s U.S. pension plan and a stronger dollar. However, the bank's CEO, YoY , said that he expects higher regulatory costs and more expenses from bringing new clients on board during the second half of the year .
BNY Hassell - 2Q net income of $ $715 million , up 14.6 percent Gerald Hassell , beating estimates due to the bank reacting to pressure from activist hedge funds to cut costs and boost profit. However, the bank's CEO, YoY , said that he expects higher regulatory costs and more expenses from bringing new clients on board during the second half of the year .