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Stock Market & Financial Investment News

News Breaks
April 9, 2014
06:23 EDTBKBNY Mellon investors reject chairman-CEO split, WSJ reports
Bank of New York Mellon's investors have voted against a proposal that would have required splitting the roles of chairman and CEO, the Wall Street Journal reports. About 78% of shareholders voted against the proposal to split the roles. Meanwhile, investors voted to approve the bank's executive pay program, and CEO Gerald Hassell rejected calls to spin off the bank's asset management unit. Reference Link
News For BK From The Last 14 Days
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February 24, 2015
17:47 EDTBKBNY Mellon said to be in FX settlement talks with U.S. DOJ, NY AG, Reuters says
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17:27 EDTBKBNY Mellon said to be in FX settlement talks with U.S. DOJ, NY AG, Reuters says
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February 17, 2015
17:29 EDTBKBerkshire Hathaway gives quarterly update on stakes, exits Exxon Mobil
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16:11 EDTBKBNY Mellon adjusts Q4 EPS to 18c after $598M litigation charge
Bank of New York Mellon announced that it is adjusting its financial results for Q4 to include an additional after-tax litigation expense of $598M in anticipation of the resolution of several previously disclosed matters, including substantially all of the foreign exchange-related actions. As a result, BNY Mellon expects that there will be a significant decline in the aggregate range of reasonably possible losses for legal proceedings for the quarter ended Dec. 31, 2014. BNY Mellon is adjusting its Q4 results to net income of $209M, or 18c per share, in recognition of the 40c per common share charge primarily from the subsequent litigation provision offset by the previously disclosed tax benefit, net of litigation and restructuring charges. Q4 revenue was $3.7B, an increase of 2%, or a decline of 3% as adjusted.

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