20 new in the latest 10-Q
Paragraphs with nothing like them in last year's 10-K
No new paragraphs in Risk Factors, or fewer than two 10-Ks to compare.
Paragraphs in the 10-Q filed Oct 30, 2026 that were not in the one before
20 paragraphs in the 10-Q filed Oct 30, 2026 with nothing like them in the 10-Q filed Jul 31, 2026 (at least half the words must differ; new numbers alone do not count). Quoted exactly, grouped by the item heading above them. This is text that changed, not a judgement of how serious it is.
10-Q
Quarter ended Year-to-date (dollars in millions, except per share amounts Sept. 30, 2026 June 30, 2026 Sept. 30, 2025 Sept. 30, 2026 Sept. 30, 2025
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Our Investment Management business is a global, multi-asset portfolio solutions provider, delivering products and investment capabilities to institutional and retail clients across markets worldwide. Our offering spans global distribution, portfolio management and a broad range of investment strategies, including fixed income, equities, thematic investing and multi-asset allocation.
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sale of real estate, partially offset by a third quarter 2026 strategic equity investment gain.
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BNY defines liquidity as the ability of the Parent and its subsidiaries to access funding or convert assets to cash quickly and efficiently, or to roll over or issue
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(a) The outlook on the Parent was revised to positive from stable in October 2026.
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Show the other 15
Estimated changes in net interest income Sept. 30, 2026 June 30, 2026 Sept. 30, 2025
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Proposed ASU, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Interest Rate Risk Hedging and Net Investment Hedging
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In June 2026, the FASB issued a proposed ASU, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Interest Rate Risk Hedging and Net Investment Hedging, which is intended to better align hedge accounting with an entity’s risk management activities and enhance the operability of hedge accounting. The proposed ASU would permit interest rate risk to be hedged for held-to-maturity debt securities, expand the SOFR rates eligible for designation as benchmark interest rates and permit certain float-to-float cross-currency swaps to be used as hedging instruments in net investment hedges.
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In October 2026, the FASB completed its redeliberation of the proposed ASU and made tentative decisions regarding the guidance. The FASB affirmed the proposed amendments and directed the staff to proceed toward issuance of a final ASU. BNY is currently evaluating the proposed guidance.
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On Sept. 30, 2026, the Board of Governors of the Federal Reserve (“Federal Reserve”) issued two final rules revising its supervisory stress testing framework. One final rule (the “Transparency and Public Accountability Rule”) requires the Federal Reserve to request public comment annually on material model changes and the stress test scenarios. The other final rule (the “Volatility Rule”), among other things, requires the Federal Reserve to average
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the results from the two most recent stress tests (starting in 2029, and using 2027 and 2028) to set firms’ SCB requirements for firms subject to the stress test in two consecutive years. In addition, the Federal Reserve proposed revisions to the noninterest income model used in the stress test. The Federal Reserve explained this change is intended to capture heterogeneity across firms. BNY is assessing the impact of the proposal.
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On Sept. 24, 2026, the Federal Reserve issued an updated version of its Statement of Supervisory Operating Principles, setting out the policy priorities and expectations for implementation by Federal Reserve supervisory staff. Among the changes is a directive for examiners to prioritize “risks that pose a significant probability of significant harm to the financial condition of the firm, one or more other firms, the Deposit Insurance Fund (“DIF”), the firm’s resolvability, or U.S. financial stability.”
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On Aug. 27, 2026, the Office of the Comptroller of the Currency (“OCC”) and FDIC jointly adopted a rule defining “unsafe or unsound practice” for purposes of Section 8 of the Federal Deposit Insurance Act and revised the regulatory framework around issuance of matters requiring attention (“MRAs”). Under the rule, to qualify as an unsafe or unsound practice, it must be contrary to generally accepted standards of prudent operation and meet one of three criteria: a) it is “likely” to cause material harm to the financial condition of the institution; b) material harm has occurred; or c) there is likely a material risk of loss to the DIF. The agencies also stated an MRA may only be issued if there is an actual violation of banking or banking-related law or regulation, or if the conduct is contrary to generally accepted standards of prudent operation and could “reasonably be expected to”, or has, caused: a) material harm to financial condition or b) a material risk of loss to the DIF.
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The same day, the OCC proposed clarifying the standard for MRA issuance such that it would only issue an MRA for a “substantive” as opposed to “actual” violation of banking or banking-related law or regulation. The OCC stated this was intended to capture conduct which could meaningfully impact the
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On July 31, 2026, the Federal Reserve released a notice of proposed rulemaking (“Federal Reserve Proposal”) to modernize Regulation O, which governs loans by member banks to their insiders (directors, certain officers and principal shareholders) and insiders of their affiliates. In addition, the FDIC proposed revisions to its rules governing extensions of credit to insiders of FDIC-supervised institutions (“FDIC Proposal”). Among other changes, the Federal Reserve Proposal would index thresholds to nominal GDP. The FDIC Proposal would align certain thresholds under the FDIC’s rules governing extensions of credit to insiders with those included in the Federal Reserve Proposal and would use the same methodology to update the thresholds going forward. The agencies expect the proposal to reduce burdens on banks and their insiders. BNY is assessing the impact of the proposals.
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On Oct. 21, 2026, the OCC issued a final rule to implement provisions of the GENIUS Act, which establishes requirements for OCC-supervised payment stablecoin issuers and provides for certain requirements related to, among other things, reserve assets, custody, redemption, capital, and risk management standards. The rule is effective Jan. 18, 2027.
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There were no loan modifications in the third quarter of 2026. At Sept. 30, 2026, none of the loans that
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a lawsuit was filed in federal court in Rio de Janeiro against DTVM, Postalis, and various other defendants alleging liability against DTVM for certain Postalis losses in an investment fund of which DTVM was administrator. On Feb. 10, 2021, Postalis and another pension fund served DTVM in a lawsuit filed in Rio de Janeiro, alleging liability for losses in another investment fund for which DTVM was administrator and the other defendant was manager.
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evaluating the performance of each business segment and in making decisions about allocating capital and other resources to each business segment.
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Other information
On Aug. 27, 2026, trading commenced under a Rule 10b5-1 trading arrangement (as defined in Item 408(a) of Regulation S-K) adopted by Jose Minaya, Global Head of BNY Investments and Wealth, that is intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Exchange Act. The trading arrangement was adopted on May 20, 2026, provides for the sale of up to 42,240 shares and will expire on Aug. 27, 2027, subject to earlier termination or completion in accordance with its terms.
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