BNY Mellon cuts costs, but CEO Hassell keeps lid on expectations
July 21, 2015 at 10:55 AM EDT
July 21 (Reuters) - Under pressure from activist hedge funds to cut costs and boost profit, BNY Mellon Corp Chief Executive Gerald Hassell did just that in the second quarter, beating Wall Street expectations, but on Tuesday he declined to raise the bank's outlook for the rest of the year.