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Stock Market & Financial Investment News

News Breaks
July 2, 2014
15:06 EDTBKBNY Mellon, DeAWM in negotiations for fund administration outsourcing
BNY Mellon announced that it has entered into exclusive negotiations with Deutsche Asset & Wealth Management, DeAWM, to provide fund administration outsourcing services, representing roughly $47.6B in assets under administration. Under the proposed agreement, DeAWM would outsource its real estate fund finance, fund accounting, asset management accounting, and client and financial reporting functions to BNY Mellon. It is anticipated that approximately 80 members of the DeAWM global real estate fund finance team would transfer to BNY Mellon and become part of its Alternative Investment Services organization, conditional upon the deal closing.
News For BK From The Last 14 Days
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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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August 14, 2014
17:20 EDTBKTrian Fund gives quarterly update on stakes
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