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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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April 14, 2014
05:36 EDTBKBNY Mellon appointed as AIFMD depositary by PGGM Vermogensbeheer B.V.
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April 10, 2014
09:09 EDTBKBNY Mellon appoints Monique Herena as Chief Human Resources Officer
BNY Mellon (BK) has appointed Monique Herena senior executive VP and chief human resources officer for the company, effective April 28. Herena will report to CEO Gerald L. Hassell and serve on the Executive Committee, succeeding Lisa Peters, who is retiring after 32 years with the company. Herena joins BNY Mellon from PepsiCo (PEP) where she had an equivalent position.
April 9, 2014
06:23 EDTBKBNY Mellon investors reject chairman-CEO split, WSJ reports
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April 7, 2014
16:19 EDTBKBNY Mellon boosts dividend 13% to 17c per share
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