Reuters: US Dollar Report: BNY Mellon profit falls 37 percent on litigation charge

Reuters: US Dollar Report Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

BNY Mellon profit falls 37 percent on litigation charge Jul 18th 2012, 10:44 July 18 | Wed Jul 18, 2012 6:44am EDT July 18 (Reuters) - Bank of New York Mellon Corp said Wednesday that second-quarter net income had fallen 37 percent after it had paid more than $200 million to settle an investor lawsuit and experienced declines in its overall revenue. The world's largest custody bank reported net income of $466 million, or 39 cents a share, compared with $735 million, or 59 cents a share, in the year-ago period. Revenue fell to $3.62 billion from $3.85 billion.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions