Judge not inclined to dismiss BNY Mellon suit, Bloomberg says A judge said he was "unpersuaded" by arguments from BNY Mellon (BK) that a lawsuit against the company that alleges the defrauding of clients in foreign-exchange transactions be dismissed, according to a Bloomberg report. Reference Link
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.