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0.000298537167877412 0.000298537167877412 -0.00039804955716993 -0.000995123892924754 -0.00208976017514188 -0.00208976017514188 -0.00208976017514188 -0.00208976017514188
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U.S. bank shares fall on Turkey contagion fears [Reuters]

BANK of NEW YORK MELLON (BK)  More Company Research Source: Reuters
Last bank of new york mellon earnings: 7/19 06:30 am Check Earnings Report
PDF U.S. bank shares fall on Turkey contagion fears | Reuters 4 Min Read (Reuters) - U.S. bank shares fell for a third straight session on Monday as investor appetite for risk weakened on worries that a currency crisis in Turkey would spread to other countries. The Turkish lira has tumbled on concerns about President Tayyip Erdogan's increasing control over the economy and deteriorating U.S. relations, falling as much as 12 percent at one stage on Monday TRY= . The S&P; 500 Financial sector index was the biggest drag on the benchmark index .SPX with big banks among the leading losers. The S&P; bank index .SPXBK fell 0.9 percent on Monday and was on track for an almost 3 percent drop over three sessions. The U.S. banks with the biggest disclosed Turkey exposure in the second or first quarters were Goldman Sachs ( GS.N ), down 1 percent, Bank of New York Mellon ( BK.N ), down 1.4 percent and Bank of America ( BAC.N ), down 1.9 percent. While U.S. banks seemed to have limited direct ex [Read more]

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