BNY Mellon expects $850M charge in Q1 after tax court ruling 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. BNY Mellon said last night that it intends to appeal the ruling.
News For BK From The Last 14 Days
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BNY Mellon to acquire full ownership of HedgeMark International BNY Mellon announced that it has signed an agreement to acquire the remaining 65% interest of HedgeMark International, a current affiliate and a provider of hedge fund managed account and risk analytic services. The deal is expected to close in the second quarter, subject to regulatory approval. Financial terms of the transaction were not disclosed. BNY Mellon has held a 35% ownership stake in HedgeMark since 2011.