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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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August 27, 2014
07:29 EDTBKBNY Mellon signs trade processing partnership with Helaba, G25
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August 26, 2014
11:12 EDTBKBNY Mellon loses authorization to operate in Argentina, Reuters says
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August 24, 2014
15:30 EDTBKRio court freezes $87M in BNY Mellon funds, Bloomberg says
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