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Stock Market & Financial Investment News

News Breaks
June 30, 2014
05:37 EDTBLK, BKBNY Mellon appointed by BlackRock as custodian of UK TTF
BNY Mellon has been appointed by BlackRock to provide custody, fund administration and trustee services for the UK's first Tax Transparent Fund , or TTF. The BlackRock ACS US Equity Tracker Fund will initially be offered to those UK pension fund clients of BlackRock that are investing in US equities, with the expectation that this will be extended to other asset classes in the future. The new mandate expands BNY Mellon's existing relationship with BlackRock, which already encompasses custody, fund accounting and trustee services for a range of the investment manager's UK and offshore funds.
News For BK;BLK From The Last 14 Days
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February 27, 2015
10:17 EDTBLKBlackRock invests $300M in Jawbone, Fortune reports
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February 24, 2015
17:47 EDTBKBNY Mellon said to be in FX settlement talks with U.S. DOJ, NY AG, Reuters says
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17:27 EDTBKBNY Mellon said to be in FX settlement talks with U.S. DOJ, NY AG, Reuters says
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February 18, 2015
07:12 EDTBLKCFA Society of Minnesota to hold a discussion
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February 17, 2015
17:29 EDTBKBerkshire Hathaway gives quarterly update on stakes, exits Exxon Mobil
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16:11 EDTBKBNY Mellon adjusts Q4 EPS to 18c after $598M litigation charge
Bank of New York Mellon announced that it is adjusting its financial results for Q4 to include an additional after-tax litigation expense of $598M in anticipation of the resolution of several previously disclosed matters, including substantially all of the foreign exchange-related actions. As a result, BNY Mellon expects that there will be a significant decline in the aggregate range of reasonably possible losses for legal proceedings for the quarter ended Dec. 31, 2014. BNY Mellon is adjusting its Q4 results to net income of $209M, or 18c per share, in recognition of the 40c per common share charge primarily from the subsequent litigation provision offset by the previously disclosed tax benefit, net of litigation and restructuring charges. Q4 revenue was $3.7B, an increase of 2%, or a decline of 3% as adjusted.

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