New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 22, 2014
11:32 EDTBKBNY Mellon set to sell stake in China JV, WSJ says
BNY Mellon is selling its stake in its joint venture fund management company in China, says the Wall Street Journal. The bank submitted a plan to China's securities regulator sell its 49% stake in BNY Mellon Western Fund Management Co., added the Wall Street Journal, citing a person familiar with the matter. Reference Link
News For BK From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
February 24, 2015
17:47 EDTBKBNY Mellon said to be in FX settlement talks with U.S. DOJ, NY AG, Reuters says
Subscribe for More Information
17:27 EDTBKBNY Mellon said to be in FX settlement talks with U.S. DOJ, NY AG, Reuters says
Subscribe for More Information
February 17, 2015
17:29 EDTBKBerkshire Hathaway gives quarterly update on stakes, exits Exxon Mobil
Subscribe for More Information
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.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use