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Stock Market & Financial Investment News

News Breaks
April 14, 2014
05:36 EDTBKBNY Mellon appointed as AIFMD depositary by PGGM Vermogensbeheer B.V.
BNY Mellon has been appointed by PGGM Vermogensbeheer B.V., the investment management arm of Dutch pension fund administrator PGGM, to provide depositary services under the Alternative Investment Fund Managers Directive, or AIFMD, for assets valued at EUR14B. In addition to safekeeping the funds' assets, which are held within five fixed income investment funds, BNY Mellon will provide oversight functions and perform cash monitoring as required by AIFMD. Based in Zeist in the Netherlands, PGGM provides pension management, integrated asset management, management support and policy advice for pension funds. PGGM manages about EUR160B assets, as at March, on behalf of more than 2.5M Dutch participants.
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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