UPDATE 2-Brazilian police serve 100 warrants in pension investigations [Reuters (UK)]
The Bank of New York Mellon Corporation (BK)
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Source: Reuters
Brazilian police serve 100 warrants in pension investigations | Reuters Reuters Staff 2 Min Read SAO PAULO/BRASILIA (Reuters) - Brazilian federal police served 100 search-and-seizure warrants on Thursday as part of an investigation into alleged graft involving a pension fund for post office workers. A police statement did not name any targets of the investigation, but said they included managers at the Postalis fund, executives at a foreign financial institution, listed companies and risk-assessment firms. Postalis suffered large losses as a result of embezzlement, police said in the statement. Postalis representatives did not immediately respond to a request for comment. The pension fund came under federal management last year due to alleged fraud. Representatives for the Brazilian unit of Bank of New York Mellon Corp confirmed that federal police had visited its offices on Thursday as part of an investigation, adding that the bank was cooperating with authorities. Last month, prosec
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News
- The Bank of New York Mellon Co. (NYSE: BK) had its price target raised by analysts at Jefferies Financial Group Inc. from $67.00 to $68.00. They now have a "buy" rating on the stock.MarketBeat
- Bank of New York Mellon First Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- The Bank of New York Mellon Co. (NYSE: BK) had its price target raised by analysts at Bank of America Co. from $64.00 to $66.00. They now have a "buy" rating on the stock.MarketBeat
- Jack Malvey, Bond Market Expert Who Worked at Lehman, Dies at 72 [BNN Bloomberg (Canada)]BNN Bloomberg
- BNY Mellon's (BK) Q1 Earnings Beat, AUM & Fee Income Rise [Yahoo! Finance]Yahoo! Finance
BK
Earnings
- 4/16/24 - Beat
BK
Sec Filings
- 4/18/24 - Form 144
- 4/18/24 - Form NPORT-P
- 4/18/24 - Form NPORT-P
- BK's page on the SEC website