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Stock Market & Financial Investment News

News Breaks
March 11, 2014
05:24 EDTBKEagle Investment Systems collaborates with AIMS-STM
Eagle Investment Systems, a subsidiary of BNY Mellon, announced that it is collaborating with AIMS-STM. Eagle's collaboration with AIMS-STM will offer the Australian market the only comprehensive and innovative portfolio management solution covering middle and back-office functions together with fully automated Australian capital gains tax calculations. This unique alignment of portfolio management and capital gains specialists will also aid clients with their front office decision making by taking advantage of the 'what if' scenario functionality used by fund managers to make informed investment decisions aimed at achieving after tax benchmarks. By selecting this offering, companies will gain access to two leading specialist financial service providers, without the need to manage multiple relationships and integration projects.
News For BK From The Last 14 Days
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August 27, 2015
06:20 EDTBKBNY Mellon trying to figure out fund computer glitch, FT reports
Bank of New York Mellon has experiencing problems with its mutual funds and exchange traded funds possibly reporting inaccurate prices, the Financial Times reports. The bank's computer systems are used to calculate net asset values of many funds and have suffered several problems since the start of the week, the report says. The resulting confusion might take days to clear up, and it is unclear whether investors are buying or selling funds at inaccurate prices, the report says. Reference Link
August 19, 2015
17:27 EDTBKFDIC sues BNY Mellon over mortgage backed securities, Reuters reports
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August 18, 2015
12:00 EDTBKBNY Mellon pays $14.8M to settle FCPA Violations
The Securities and Exchange Commission announced that BNY Mellon has agreed to pay $14.8M to settle charges that it violated the Foreign Corrupt Practices Act by providing "student internships to family members of foreign government officials affiliated with a Middle Eastern sovereign wealth fund." The agency stated, "An SEC investigation found that BNY Mellon did not evaluate or hire the family members through its existing, highly competitive internship programs that have stringent hiring standards and require a minimum grade point average and multiple interviews. The family members did not meet the rigorous criteria yet were hired with the knowledge and approval of senior BNY Mellon employees in order to corruptly influence foreign officials and win or retain contracts to manage and service the assets of the sovereign wealth fund."
August 14, 2015
17:29 EDTBKGreenlight Capital gives quarterly update on stakes
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