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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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October 28, 2014
07:46 EDTBKBNY Mellon told to not turn over funds to Argentine bondholders, Reuters reports
A U.S. judge refused to force Bank of New York Mellon to turn over any of the $539M Argentina deposited to pay creditors who participated in its past restructurings to holders of defaulted Argentine bonds, reported Reuters. Reference Link
07:22 EDTBKNYSSA to hold a conference
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October 27, 2014
15:32 EDTBKBNY Mellon 'bracing' for renewed demands from activist Peltz, FBN says
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11:37 EDTBKBNY Mellon to host investor day
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October 26, 2014
12:54 EDTBKBNY Mellon SA/NV passes ECB Comprehensive Assessment Exercise
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October 24, 2014
08:02 EDTBKBNY Mellon unit gets nod for sale of Chinese jv stake, Reuters reports
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October 23, 2014
09:41 EDTBKBNY Mellon names Wiener Chief Risk Officer
BNY Mellon appointed James Wiener senior executive vice president and Chief Risk Officer for the company, effective November 24. Wiener joins BNY Mellon from Oliver Wyman Group.
October 22, 2014
06:16 EDTBKBNY Mellon's Hong Kong unit to launch wealth management strategy, FT says
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October 20, 2014
06:33 EDTBKBNY Mellon upgraded to Neutral from Sell at Goldman
Goldman upgraded BNY Mellon to Neutral based on balanced risk/reward and progress on costs. Price target is $34.

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