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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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February 10, 2016
07:12 EDTBKBNY Mellon files automatic mixed securities shelf
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February 9, 2016
16:03 EDTBKPershing names Lori Hardwick as COO
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07:31 EDTBKBNY Mellon volatility elevated
BNY Mellon February weekly call option implied volatility is at 50, February is at 41, March is at 36; compared to its 52-week range of 14 to 38, suggesting large near term price movement.

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