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BNY Mellon to take $850 mln profit charge in U.S. tax court defeat
Reuters: Company News
Posted on February 11, 2013 at 20:22 PM EST
BOSTON, Feb 11 (Reuters) - BNY Mellon Corp said on Monday it will take an $850 million hit against first-quarter profit, a move that also will erode some of its capital after losing a high-stakes tax case to the U.S. Internal Revenue Service.
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