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

BK.N on New York Stock Exchange

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27 Feb 2015
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Latest Key Developments (Source: Significant Developments)

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

Standard Bank selects BNY Mellon's Eagle as Enterprise Technology Platform
Wednesday, 8 Oct 2014 06:00am EDT 

BNY Mellon Corp:Eagle Investment Systems LLC, a provider of financial services technology and subsidiary of BNY Mellon, announces that Standard Bank South Africa, will implement Eagle's accounting and enterprise data management solutions across its Private Clients business.The technology solutions will be hosted on Eagle ACCESSSM, Eagle's secure private cloud.  Full Article

Bank Of New York Mellon Corp declares interim dividend
Tuesday, 30 Sep 2014 08:33pm EDT 

Bank Of New York Mellon Corp:Declares interim dividend of $0.892006 per share.Record date will be Sept. 4.Ex date will be Sept. 2.  Full Article

BNY Mellon announces GASB 67 financial and performance reporting solutions
Monday, 15 Sep 2014 08:35am EDT 

Bank of New York Mellon Corp:Announces that it has launched new reporting and performance analytics solutions to help U.S. public pension funds comply with GASB 67 requirements.Starting with fiscal years ending June 30, GASB 67 standards take effect for U.S. public funds and are designed to improve financial reporting by state and local government pension plans by establishing standards aimed at enhancing accountability and transparency.  Full Article

Bank of New York Mellon Corp signs trade processing partnership with Helaba
Wednesday, 27 Aug 2014 07:28am EDT 

Bank of New York Mellon Corp:Signed trade processing partnership with Helaba (Landesbank Hessen-Thuringen) and G25, group which represents the 25 largest Sparkassen in Germany.Helping Helaba and Sparkassen attract new trade flows to Germany, BNY Mellon will act as business entry point for small and medium sized German enterprises seeking to trade with the Asia-Pacific region (APAC).BNY Mellon will promote partners' brands in APAC via BNY Mellon's correspondent banking network, and in return, Helaba and the Sparkassen will route letters of credit from German importers via BNY Mellon's branch network.  Full Article

Bank of New York Mellon Corp declares dividend
Thursday, 17 Jul 2014 08:00pm EDT 

Bank of New York Mellon Corp:Declares a quarterly common stock dividend of $0.17 per common share.Payable on Aug. 8 to shareholders of record on July 29.  Full Article

Bank of New York Mellon Corp completes acquisition of HedgeMark International LLC
Friday, 2 May 2014 07:30am EDT 

Bank of New York Mellon Corp:Completes acquisition of HedgeMark International, LLC, a provider of hedge fund managed account and risk analytic services.Financial terms of the transaction were not disclosed.HedgeMark will become part of BNY Mellon's Asset Servicing business, aligning with number of groups, including its Global Risk Solutions and Alternative Investment Services units.  Full Article

Bank of New York Mellon increases quarterly common stock dividend by 13 pct
Monday, 7 Apr 2014 04:10pm EDT 

Bank of New York Mellon Corp:Approves 13 pct increase quarterly common stock dividend, from $0.15 per share to $0.17 per share.Increases quarterly common stock dividend is payable on May 7, 2014 to shareholders of record as of the close of business on April 25, 2014.  Full Article

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BNY Mellon restates fourth-quarter results to add $598 million in legal costs

- BNY Mellon Corp , the world's No. 1 custody bank, said it included an additional after-tax legal expense of $598 million to its reported fourth-quarter results, anticipating resolution of foreign exchange-related actions and other matters.

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