UPDATE 2-BNY Mellon loses U.S. tax case, to take $850 mln profit hit
Posted on February 11, 2013 at 21:54 PM EST
BOSTON, Feb 11 (Reuters) - BNY Mellon Corp said on Monday it will take an $850 million charge against first-quarter profit after losing a high-stakes tax case to the U.S. Internal Revenue Service, a move that will also erode some of its capital.