Brazilian prosecutors ask BNY Mellon to return $2.5 bln to local fund [Reuters (UK)]
The Bank of New York Mellon Corporation (BK)
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Source: Reuters
Brazilian prosecutors ask BNY Mellon to return $2.5 billion to local fund | Reuters Reuters Staff 1 Min Read SAO PAULO (Reuters) - Brazilian prosecutors in Sao Paulo asked on Thursday that the local unit of Bank of New York Mellon Corp ( BK.N ) return 8.2 billion reais ($2.56 billion) to local pension fund Postalis, according to a statement. Prosecutors said the unit of BNY Mellon, which managed part of the assets held by Postalis, caused losses to the fund by performing irregular practices. BNY Mellon was not immediately available for comment. ($1 = 3.2090 reais) Reporting by Iuri Dantas; Writing by Marcelo Teixeira; Editing by Phil Berlowitz All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2018 Reuters. All Rights Reserved.
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BK
Sec Filings
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- BK's page on the SEC website