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Stock Market & Financial Investment News

News Breaks
December 5, 2012
08:09 EDTBKBNY Mellon says targeting $650M-$700M in pre-tax savings for 2015
Sees sees calendar year 2012 savings $240M-$260M, FY13 savings $400M-$430M, 2014 savings $535M-$575M. Says priorities include delivering consistent EPS growth and returning capital to shareholders. Says challenging operating environment persists, cites "lower for longer" macro environment, eurozone and U.S. fiscal cliff concerns. Comments from slides that will be presented at the Goldman Sachs Financial Services Conference.
News For BK From The Last 14 Days
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September 1, 2015
08:08 EDTBKBNY Mellon selloff off on NAV calculation error overdone, says Morgan Stanley
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August 30, 2015
19:56 EDTBKBNY Mellon may not fix pricing glitches before Monday, WSJ says
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August 28, 2015
06:20 EDTBKBNY Mellon: System performance for InvestOne platform improved on Thursday
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August 27, 2015
06:20 EDTBKBNY Mellon trying to figure out fund computer glitch, FT reports
Bank of New York Mellon has experiencing problems with its mutual funds and exchange traded funds possibly reporting inaccurate prices, the Financial Times reports. The bank's computer systems are used to calculate net asset values of many funds and have suffered several problems since the start of the week, the report says. The resulting confusion might take days to clear up, and it is unclear whether investors are buying or selling funds at inaccurate prices, the report says. Reference Link

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