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Stocks Bank of New York Mellon Corp

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  • Aug 31- BNY Mellon Corp said it has worked through a backlog of missing prices on about 1,200 mutual funds and exchange-traded funds, more than a week after a software glitch at the world's largest custody bank disrupted pricing for about 5 percent of the U.S. fund industry. BNY Mellon said on Monday it has completed production of system-generated net asset...

  • Aug 28- BNY Mellon Corp's computer glitch this week has disrupted pricing on nearly 5 percent of U.S. mutual funds and exchange-traded funds with about $404 billion in assets, according to data from Morningstar Inc and Lipper Inc.. BNY Mellon said on Friday it still does not know when the problems with mutual fund pricing will be fixed. An accounting system BNY...

  • Aug 28- BNY Mellon Corp's computer glitch this week disrupted pricing on nearly 5 percent of U.S. mutual funds and exchange-traded funds, according to data from Morningstar Inc and Lipper Inc.. BNY Mellon said on Friday it still does not know when the problems with mutual fund pricing will be fixed. An accounting system BNY Mellon uses to calculate fund values...

  • BNY MELLON'S COMPUTER GLITCH DISRUPTED PRICING ON NEARLY 5 PCT OF U.S.

  • SUNGARD APOLOGIZES FOR FUND PRICING GLITCH AT BNY MELLON- STATEMENT.

  • Some of the largest U.S. fund managers rely on BNY Mellon to calculate the net asset value of their funds but a failed software upgrade last weekend buckled the system just as investors headed into a tumultuous week of trading sparked by fears about the Chinese economy. "BNY Mellon is the plumber to mutual funds and capital markets," said Mike Mayo, a banking analyst...

  • Fund managers rely on BNY Mellon to calculate the net asset value or NAVS of their funds but a failed software upgrade over the weekend floored its system just as investors were heading into a tumultuous week of trading sparked by fears about the Chinese economy.. "The system is up although some performance issues remain," BNY Mellon spokesman Kevin Heine said on...

  • BNY Mellon still having problems with fund pricing system Thursday, 27 Aug 2015 | 10:00 AM ET

    BOSTON, Aug 27- BNY Mellon Corp said on Thursday there are still problems with a computer system it relies on to calculate the prices of mutual fund and exchange-traded funds.

  • BNY Mellon said an accounting system it relies on to calculate the prices of clients' mutual funds and exchange traded funds broke down over the weekend just as investors headed into a global market meltdown sparked by fears over the Chinese economy. The system, run by financial software provider SunGard, resumed with limited capacity on Tuesday but was still...

  • UPDATE 1-BNY Mellon says fund pricing system collapsed Wednesday, 26 Aug 2015 | 2:54 PM ET

    BNY Mellon blamed the pricing glitch on a system used by financial software provider SunGard. BNY Mellon spokesman Kevin Heine said he did not know how many funds had been affected. BNY Mellon was able to construct Monday net asset values for all affected funds.

  • BNY Mellon experiences problems with NAV calculations Wednesday, 26 Aug 2015 | 2:09 PM ET

    BNY Mellon was not available for comment. First Trust, which manages several exchange-traded funds, said on Wednesday in a statement that the net asset value of some of its funds contained errors greater than 1 percent. "The errors resulted from a technical malfunction at our third party administrator, the Bank of New York Mellon," First Trust said.

  • Lawsuits stemming from the FDIC's role as receiver for Austin- based Guaranty Bank, which had bought more than $2.7 billion of the securities, were filed against Citigroup Inc, Bank of New York Mellon Corp and US Bancorp late Wednesday in Manhattan federal court. The FDIC, whose full name is Federal Deposit Insurance Corp, said the banks failed in their role as bond...

  • Early movers: SHLD, DIS, VRX, FOSL, LMT & more Thursday, 20 Aug 2015 | 7:51 AM ET
    Traders work on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • NEW YORK, Aug 19- A U.S. regulator sued Bank of New York Mellon Corp on Wednesday over more than $2 billion in mortgage-backed securities purchased by a failed Texas bank, claiming BNY Mellon breached its duties as bond trustee to protect investors. Austin, Texas- based Guaranty Bank closed in August 2009, and the FDIC arranged for its deposits to be assumed by BBVA...

  • NEW YORK, Aug 19- A U.S. regulator sued Bank of New York Mellon Corp on Wednesday over more than $2 billion in mortgage-backed securities purchased by a failed Texas bank, claiming BNY Mellon breached its duties as bond trustee to protect investors. The Federal Deposit Insurance Corp, which sued in its capacity as receiver for Guaranty Bank, said it suffered more...

  • Top protection plays in rocky US markets Wednesday, 12 Aug 2015 | 4:15 PM ET
    Traders work on the floor of the New York Stock Exchange.

    With U.S. stocks choppy again Wednesday, investors sought safe picks in an increasingly uncertain market.

  • *Stocks fall in Asia and Europe. LONDON, Aug 11- China's shock 2 percent devaluation of the yuan on Tuesday pushed the dollar higher and raised the prospect of a new round of currency wars, just as Greece reached a new deal to contain its debt crisis. Stocks fell in Asia and Europe as investors worried about the implications of a move designed to support China's...

  • *China sharply devalues currency, yuan sinks to 3- year low. *Australian and NZ dollars hit by China move. The currencies of some of countries that do much of their trade with China, such as the Australian and New Zealand dollars, were also dragged down by the move, shedding as much as 1.3 percent at 1 percent respectively against their U.S. counterpart.

  • BOSTON, Aug 5- Bank of America Merrill Lynch is telling its financial advisers to pull clients' money out of billionaire hedge fund manager John Paulson's Advantage Funds and said they are not permitted to put new money into one of his other portfolios. Customers at Bank of America's wealth management division who put money into Paulson's Advantage fund will...

  • Possible Bloomberg 'slayer,' but CEO resists label Friday, 31 Jul 2015 | 2:01 PM ET
    Computer keyboard

    Symphony's CEO David Gurle plays down talk that his company could be the one to topple "The Bloomberg."