Ticker	Volume	Price	Price Delta
DJIA	15,269.90	-24.57	-0.16%
S&P 500	1,644.37	-6.14	-0.37%
Nasdaq	3,449.31	-10.11	-0.29%

Ticker

Volume

Price

Price Delta

DJIA

15,269.90

-24.57

-0.16%

S&P 500

1,644.37

-6.14

-0.37%

Nasdaq

3,449.31

-10.11

-0.29%

Ticker	Volume	Price	Price Delta
STOXX 50	2,764.29	-12.49	-0.45%
FTSE 100	6,654.34	-42.45	-0.63%
DAX	8,305.32	-46.66	-0.56%

Ticker

Volume

Price

Price Delta

STOXX 50

2,764.29

-12.49

-0.45%

FTSE 100

6,654.34

-42.45

-0.63%

DAX

8,305.32

-46.66

-0.56%

Ticker	Volume	Price	Price Delta
Nikkei	14,612.50	+128.47	0.89%
Hang Seng	22,618.70	-51.01	-0.23%
S&P/ASX 200	4,983.50	-78.95	-1.56%

Ticker

Volume

Price

Price Delta

Nikkei

14,612.50

+128.47

0.89%

Hang Seng

22,618.70

-51.01

-0.23%

S&P/ASX 200

4,983.50

-78.95

-1.56%

BNY Mellon to Take Charge of $850 Million Following Court Ruling

By Alexis Leondis - 2013-02-12T00:40:26Z

Bank of New York Mellon Corp., the world’s largest custody bank, said it will take an after-tax charge of $850 million after the U.S. Tax Court made a ruling on the handling of foreign tax credits.

BNY Mellon expects to take the charge in the first quarter of 2013 as a result of today’s decision, according to a statement from the New York-based company. It will appeal the court’s decision.

To contact the reporter on this story: Alexis Leondis in New York at aleondis@bloomberg.net

To contact the editor responsible for this story: Christian Baumgaertel at cbaumgaertel@bloomberg.net

Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.