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4 days ago |
thinkadvisor.com | Sally Bakewell
Recently Updated Q&As What is a high deductible health plan for purposes of an HSA? Get Answer Recently Updated Q&As Are remote workers eligible for leave under the Family and Medical Leave Act (FMLA)? Get Answer Recently Updated Q&As Is the value of employer-provided coverage under accident or health insurance taxable income to an employee when the coverage is provided for the employee’s spouse, children or dependents?
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4 days ago |
news.bloomberglaw.com | Sally Bakewell
Northern Trust Corp. said it plans to remain a standalone company following a report that Bank of New York Mellon Corp. approached it about a possible merger. “While our policy is to not comment on market rumors, I can tell you that Northern Trust is fully committed to remaining independent and continuing to deliver long-term value to our stakeholders,” a spokesperson for the Chicago-based firm said in a statement.
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4 weeks ago |
bloomberg.com | Sally Bakewell
An HSBC Holdings bank branch in Maidstone, UK. (Bloomberg) -- HSBC Holdings Plc is exiting a business that serves small and midsize US companies, as it continues an overhaul aimed at making the lender more competitive. “Following a strategic review of our business, we have decided to exit our business-banking portfolio in the United States,” a spokesperson said in an emailed statement. The division has about 4,400 clients and serves firms with revenue of as much as $50 million.
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2 months ago |
news.bloombergtax.com | Sally Bakewell
Bank of New York Mellon Corp.’s first-quarter net income jumped as the company reinvested maturing securities at higher yields, fueling a 6% increase in revenue. The bank reported a 21% increase in profit to $1.15 billion, which met analyst estimates. Net interest income, or the difference between what it earns on assets and pays for liabilities, climbed 11%, BNY said Friday in a statement.
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2 months ago |
bloomberg.com | Sally Bakewell
The BNY headquarters in New York. (Bloomberg) -- Bank of New York Mellon Corp.’s first-quarter net income jumped as the company reinvested maturing securities at higher yields, fueling a 6% increase in revenue. The bank reported a 21% increase in profit to $1.15 billion, which met analyst estimates. Net interest income, or the difference between what it earns on assets and pays for liabilities, climbed 11%, BNY said Friday in a statement.
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