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

BK on New York Consolidated

33.76USD
17 Apr 2014
Price Change (% chg)

$0.34 (+1.02%)
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$33.42
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Latest Key Developments (Source: Significant Developments)

The Bank of New York Mellon Corporation Ceases To Be Shareholder Of Cochlear Ltd
Sunday, 2 Jun 2013 06:32pm EDT 

Cochlear Ltd announced that The Bank of New York Mellon Corporation has ceased to be the substantial shareholder of the Company.  Full Article

Bank Of New York Mellon Corp To Provide US Custody Services By Bank Hapoalim & Poalim Sahar
Tuesday, 23 Apr 2013 04:30am EDT 

Bank Of New York Mellon Corp announced that it has been appointed as US custody provider by Bank Hapoalim, one of the financial institution in Israel, and its institutional servicing subsidiary Poalim Sahar. The mandate encompasses a full suite of core US custody services, including front-end technology solutions and bespoke reporting services for the Israeli marketplace.  Full Article

Cochlear Ltd Announces Holding Interest Of The Bank of New York Mellon Corporation
Sunday, 14 Apr 2013 06:33pm EDT 

Cochlear Ltd announced that The Bank of New York Mellon Corporation has an interest of 2,863,356 ordinary shares, which represents 5.02% of voting power in the Company.  Full Article

Bank Of New York Mellon Corp Declares Dividend
Tuesday, 9 Apr 2013 04:10pm EDT 

Bank Of New York Mellon Corp announced that its board of directors has approved a 15% increase in its quarterly common stock dividend, from $0.13 per share to $0.15 per share. This increased quarterly common stock dividend is payable on May 7, 2013 to shareholders of record as of the close of business on April 29, 2013. BNY Mellon also declared these preferred stock dividends for the dividend period ending in June 2013: $1,022.22 per share on the Series A Noncumulative Perpetual Preferred Stock, liquidation preference $100,000 per share (equivalent to approximately $10.22 per Normal Preferred Capital Security of Mellon Capital IV, each representing 1/100th interest in a share of Series A Preferred Stock), payable on June 20, 2013 to holders of record as of the close of business on June 5, 2013. All of the outstanding shares of the Series A Preferred Stock are owned by Mellon Capital IV, which will pass through the June dividend on the Series A Preferred Stock on a proportionate basis to the holders of record, as of the close of business on June 5, 2013, of its Normal Preferred Capital Securities: $1,300 per share on the Series C Noncumulative Perpetual Preferred Stock, liquidation preference $100,000 per share (equivalent to approximately $0.33 per depositary share, each representing a 1/4,000th interest in a share of the Series C Preferred Stock), payable on June 20, 2013 to holders of record as of the close of business on June 5, 2013.  Full Article

U.S. Judge Rejects Defense Arguments In Bank Of New York Mellon Corp Forex Case-Reuters
Thursday, 28 Mar 2013 07:05pm EDT 

Reuters reported that a U.S. judge said on Thursday he was sympathetic to the U.S. government's use of a 1989 law against Bank Of New York Mellon Corp in a lawsuit accusing it of overcharging clients for trading currencies The arguments before U.S. District Judge Lewis Kaplan in Manhattan were a test of the U.S. Justice Department's use of a powerful law born out of the savings-and-loan crisis. The law, known as the Financial Institutional Reform, Recovery and Enforcement Act, is at the heart of a series of civil lawsuits filed in the wake of the recent financial crisis. It is also the core of the lawsuit against BNY Mellon, which had moved to dismiss the case. The lawsuit, filed in 2011, accuses BNY Mellon of engaging in a scheme from at least 2000 to defraud custodial customers who used its foreign exchange services. The lawsuit claims the bank misled clients about how it determined currency exchange rates for certain transactions. BNY Mellon reached a partial settlement in January 2012, agreeing to change disclosures it provided about its foreign exchange services. The damages claims continued. The Justice Department is seeking an unspecified amount of penalties.  Full Article

Bank Of New York Mellon Corp Renews Relationship with Aston Funds
Monday, 28 Jan 2013 08:01am EST 

Bank Of New York Mellon Corp announced that it has renewed its relationship with Aston Funds to provide custody, fund accounting and sub-administration, regulatory administration and transfer agency services. BNY Mellon also will provide performance and risk analytics reporting. BNY Mellon provides the services to 25 Aston Funds with $12 billion in assets under management.  Full Article

Bank Of New York Mellon Corp Declares Quarterly Common Stock Dividend
Wednesday, 16 Jan 2013 06:30am EST 

Bank Of New York Mellon Corp announced that it has declared a quarterly common stock dividend of $0.13 per common share. This cash dividend is payable on February 5, 2013 to shareholders of record as of the close of business on January 28, 2013.  Full Article

Bank Of New York Mellon Corp Announces Karen B. Peetz as President
Friday, 14 Dec 2012 08:00am EST 

Bank Of New York Mellon Corp announced that Karen B. Peetz will become President of BNY Mellon. Peetz is currently Vice Chairman and Chief Executive Officer of Financial Markets & Treasury Services. As President, Peetz will lead Global Client Management, Regional Management, Treasury Services and Human Resources.  Full Article

Bank Of New York Mellon Corp's Subsidiary Ivy Asset Management Settles With NY for $210 Million Over Madoff-Reuters
Tuesday, 13 Nov 2012 01:28pm EST 

Reuters reported that Bank Of New York Mellon Corp's subsidiary Ivy Asset Management agreed to pay $210 million to settle lawsuits for advising clients to invest with Ponzi schemer Bernard Madoff, the New York (NY) attorney general said. The New York-based investment adviser withheld damaging information about Madoff to make millions of dollars in fees, New York Attorney General Eric Schneiderman said in a statement. The New York attorney general's office sued Ivy in 2010 for fraud and breach of fiduciary duty. The settlement resolves litigation by the office, the U.S. Department of Labor and investors, Schneiderman said.  Full Article

Bank Of New York Mellon Corp Secures Contract
Thursday, 4 Oct 2012 07:25am EDT 

Bank Of New York Mellon Corp announced that it has been selected by Touchstone Investments to provide mutual fund accounting and administration, transfer agency and blue sky services for four additional Touchstone funds, bringing the total number of funds being serviced by BNY Mellon to 58, representing more than $13.7 billion in assets and more than 250,000 shareholder accounts. BNY Mellon also will provide call center servicing and regulatory services for Touchstone's mutual funds.  Full Article

MOVES- Citi Private Bank, BNY Mellon, CIBC

March 31 - The following financial services industry appointments were announced on Monday. To inform us of other job changes, email to moves@thomsonreuters.com.

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