BNY Mellon Solidifies Domination in the U.S. Tri-Party Repo Business
Posted on 06/04/2017
In July 2016, J.P. Morgan Chase & Co. (JP Morgan) announced its intention to exit the U.S. tri-party U.S. Treasury repurchase agreement (repo) business, an important market function. At that time, BNY Mellon had an 85% market share of the business, with about 15% going to JP Morgan. In June 2017, JP Morgan started the […]
