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Stock Market & Financial Investment News

News Breaks
May 27, 2014
18:03 EDTBKBNY Mellon to record $100M charge in Q2 in connection with errors
BNY Mellon disclosed in a regulatory filing that based on recent discussions with tax authorities, the company expects to record a charge of approximately $100M after-tax, or approximately $125M pre-tax, in Q214 in connection with previously disclosed administrative errors relating to certain funds that it manages. The errors relate to questions about the resident status of certain funds, potentially exposing the company to a tax liability related to the fundsí earnings.
News For BK From The Last 14 Days
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April 20, 2015
08:05 EDTBKBNY Mellon appoints Paulette Mulling Bradnock as Chief Auditor
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April 15, 2015
06:29 EDTBKFCA fines BNY Mellon London and BNY Mellon International GBP 126M
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April 14, 2015
13:43 EDTBKBNY Mellon expects up to $3.1B in 2015 stock repurchases
The company expects to repurchase up to $3.1B of common stock in 2015 and maintain a "strong" dividend payout ratio. Company is targeting 3.5%-4.5% revenue growth from 2015 through 2017. Targeting 7%-9% EPS growth from 2015 through 2017. Information given in slide presentation during 2015 annual meeting.
April 7, 2015
14:07 EDTBKMarcato believes BNY Mellon 'falling far short of its potential'
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