Key Developments: Bank of New York Mellon Corp (BK.N)

BK.N on New York Stock Exchange

43.78USD
29 Jul 2015
Change (% chg)

-- (--)
Prev Close
$43.78
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
1,460,773
52-wk High
$44.98
52-wk Low
$35.06

Search Stocks

Latest Key Developments (Source: Significant Developments)

The Bank of New York Mellon Corp declares quarterly common stock dividend
Tuesday, 21 Jul 2015 06:30am EDT 

The Bank of New York Mellon Corp:Declared quarterly common stock dividend of $0.17 per common share.This cash dividend is payable on Aug. 13 to shareholders of record as of close of business on Aug. 3.  Full Article

UK accounting watchdog probes KPMG over Bank of New York Mellon Corp audit - Reuters
Monday, 22 Jun 2015 08:00pm EDT 

Bank of New York Mellon Corp:Says Britain's accounting watchdog has opened an investigation into how top auditor KPMG confirmed that Bank of New York Mellon (BNY Mellon) was complying with UK rules on protecting customer money - Reuters.Says The Financial Reporting Council said in a statement it had launched the investigation into the conduct of KPMG auditors regarding BNY Mellon's London branch.Says Britain's Financial Conduct Authority fined BNY Mellon 126 million pounds ($199 million) in April for failing to keep customer money safe during the financial crisis.Says KPMG was responsible for reporting to the financial regulator that BNY Mellon was complying with rules on the safekeeping of customer assets.  Full Article

Bank of New York Mellon Corp to pay $180 million to settle foreign exchange lawsuit - Reuters
Thursday, 21 May 2015 06:06pm EDT 

Bank of New York Mellon Corp:Says it will pay $180 million to settle a foreign exchange-related putative class action lawsuit, according to a regulatory filing - Reuters.Expects to record a pretax charge of $50 million in the second quarter related to the settlement.Says the settlement will release the bank from all foreign exchange-related securities law claims brought against it or its affiliates in the suit.Federal and New York state authorities, among others, had accused BNY Mellon of giving clients prices for their currency transactions at or near the worst interbank rates during the trading day despite telling them it would provide the best possible execution.  Full Article

Bank of New York Mellon Corp pricing of public offering of $1 bln of depositary shares representing interests in preferred stock
Thursday, 23 Apr 2015 06:10pm EDT 

Bank of New York Mellon Corp:Prices an underwritten public offering of 1 mln depositary shares, each representing a 1/100th interest in a share of Series E noncumulative perpetual preferred stock, with a liquidation preference of $100,000 per share at a public offering price of $1,000 per depositary share.For total proceeds of $1 bln aggregate public offering price.Goldman, Sachs & Co., Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and BNY Mellon Capital Markets, LLC served as joint book-running managers for the offering.Barclays Capital Inc., BNP Paribas Securities Corp., Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC, UBS Securities LLC and Wells Fargo Securities, LLC served as joint lead managers for the offering.CIBC World Markets Corp., Jefferies & Company, Inc. and The Williams Capital Group, L.P. served as co-managers for the offering.offering is expected to close on April 28.Intends to use a portion of net proceeds to repurchase up to $700 mln of common stock, with a proportionate reduction in common stock repurchases if less than $1 bln of depositary shares is issued.Also expects to use any remaining net proceeds for general corporate purposes.  Full Article

UK watchdog fines Bank of New York Mellon $185 million - Reuters
Wednesday, 15 Apr 2015 06:25am EDT 

Bank of New York Mellon Corp:Britain's markets regulator has fined Bank of New York Mellon 126 million Pounds ($185.30 million) for failing to keep customer money safe during the financial crisis - Reuters.The Financial Conduct Authority (FCA) said the fine was levied on Bank of New York Mellon's London branch, and on Bank of New York Mellon International Limited for breaches that spanned nearly six years from Nov. 2007 to Aug. 2013.  Full Article

Bank of New York Mellon Corporation settles outstanding FX-Related actions
Thursday, 19 Mar 2015 03:59pm EDT 

Bank of New York Mellon Corporation:Resolves substantially all of the foreign exchange (FX)-related actions currently pending against the company.Company has reached a series of settlement agreements with the U.S. Department of Justice (DOJ), the New York Attorney General (NYAG), the U.S. Department of Labor, the U.S. Securities and Exchange Commission and private customer class actions.Collectively, these settlements fully resolve the lawsuits and enforcement proceedings commenced by these parties relating to certain of the standing instruction FX services that BNY Mellon provided to its custody clients prior to early 2012.Company has agreed to pay a total of $714 million to resolve these matters, subject to required approvals.Total settlement amount is fully covered by pre-existing legal reserves.DOJ and NYAG will each receive $167.5 million.Department of Labor will receive $14 million and the Securities and Exchange Commission, with which the company has reached a settlement in principle, will receive $30 million.company has agreed to pay $335 million to settle the customer class action litigation.  Full Article

Bank of New York Mellon Corp to repurchase up to $3.1 billion of common stock
Wednesday, 11 Mar 2015 04:36pm EDT 

Bank of New York Mellon Corp:Federal Reserve did not object to the 2015 capital plan in its Comprehensive Capital Analysis and Review.As a result, the company's board of directors has approved the repurchase of up to $2.4 billion of its common stock over a five-quarter period starting in the second quarter of 2015 and continuing through the second quarter of 2016.The board also approved the repurchase of up to an additional $700 million of common stock during a portion of the period covered by the repurchase plan, contingent upon the company issuing $1 billion of preferred stock.The company's dividend remains unchanged at $0.17 per share of common stock.  Full Article

Bank of New York Mellon Corp. in forex settlement talks with U.S., N.Y. - Reuters
Tuesday, 24 Feb 2015 04:40pm EST 

Bank of New York Mellon Corp:Is in settlement talks with the U.S. Justice Department and New York attorney general over claims the bank defrauded clients in foreign exchange transactions - Reuters.BNY Mellon last week revealed that it would take a $598 mln charge as it sought to resolve matters including 'substantially all' foreign exchange litigation it faced, though it did not specify which cases.The bank faces several lawsuits, including class actions, stemming from allegations that it misled clients about how it determined currency exchange rates for certain transactions.The Justice Department, which has a lawsuit against BNY Mellon pending in Manhattan federal court, is engaging in settlement talks.Meanwhile, New York Attorney General Eric Schneiderman and the bank are in discussions to resolve a separate lawsuit he brought in 2011.The Justice Department's lawsuit, filed in 2011, accuses BNY Mellon of a scheme from at least 2000 to defraud custodial customers who used its foreign exchange services.It also asserted claims against an individual, David Nichols, the head of products management at BNY Mellon.  Full Article

Bank Of New York Mellon Corp declares dividends
Friday, 23 Jan 2015 06:30am EST 

Bank Of New York Mellon Corp:Declares quarterly common stock dividend of $0.17 per common share.Payable on Feb. 13, to shareholders of record as of the close of business on Feb. 3.Also declared the following dividends for the noncumulative perpetual preferred stock, liquidation preference $100,000 per share, for the dividend period ending in March 2015, in each case.Payable on March 20, to holders of record as of the close of business on March 5;.Says $977.78 per share on the Series A Preferred Stock ; and $1,300.00 per share on the Series C Preferred Stock.  Full Article

The Bank of New York Mellon Corp declares dividends
Friday, 17 Oct 2014 06:30am EDT 

The Bank of New York Mellon Corp:Says it declared a quarterly common stock dividend of $0.17 per common share, payable on Nov. 7 to shareholders of record as of the close of business on Oct. 28.Says it also declared dividend of $1,011.11 per share on the Series A Preferred Stock; $1,300.00 per share on the Series C Preferred Stock and $2,250.00 per share on the Series D Preferred Stock payable on Dec. 22 to holders of record as of the close of business on Dec. 5.  Full Article

UPDATE 1-Chesapeake Energy ordered to pay $379.7 mln in bond dispute

NEW YORK, July 10 - A U.S. federal judge on Friday ordered Chesapeake Energy Corp to pay $379.7 million to bond investors, after the natural gas company waited too long to tell them of its plan to redeem their $1.3 billion of bonds six years early.

Search Stocks