Salem Radio Network News Saturday, July 22, 2017

Business

New BNY Mellon CEO Scharf says organic growth top priority

BOSTON (Reuters) – New BNY Mellon Corp <BK.N> Chief Executive Officer Charles Scharf said on Monday he will focus on boosting the custody bank’s organic growth, but he would consider acquisitions if they make strategic sense.

“The first priority is growing the company organically,” Scharf told Reuters. “We already are in places that have tremendous amounts of opportunity.”

(Reporting by Tim McLaughlin)

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