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Stock Market & Financial Investment News

News Breaks
February 11, 2013
19:29 EDTBKBNY Mellon will appeal U.S. Tax Court ruling
BNY Mellon issued the following statement in response to a ruling published by the U.S. Tax Court regarding the IRS's disallowance of certain foreign tax credits claimed for the 2001 and 2002 tax years: "We will appeal the court's decision. We continue to believe the tax treatment of the transaction was consistent with statutory and judicial authority existing at the time. As a result of the ruling, BNY Mellon expects to take an after-tax charge of approximately $850M during the first quarter of 2013. After taking the charge, the company expects it will continue to be well capitalized and its Basel III Tier 1 common equity ratio will be impacted by approximately 55 basis points. At December 31, 2012, our Basel III Tier 1 common equity ratio was 9.8%."
News For BK From The Last 14 Days
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September 23, 2014
11:26 EDTBKBNY Mellon downgraded to Underperform from Sector Perform at Portales
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September 22, 2014
09:41 EDTBKBNY Mellon management to meet with Deutsche Bank
Meeting to be held in New York on September 22 hosted by Deutsche Bank.
September 9, 2014
09:16 EDTBKBNY Mellon says 'strategically well positioned' for outperformance
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