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KM Financial Solutions | UPDATE 2-BNY Mellon profit falls short on lower interest rates
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UPDATE 2-BNY Mellon profit falls short on lower interest rates

15 Jan UPDATE 2-BNY Mellon profit falls short on lower interest rates

Posted at 13:09h in News by
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Bank of New York Mellon Corp
missed analysts’ estimates for quarterly profit on Thursday, as
the world’s largest custodian bank earned less from its
interest-earning assets due to rate cuts by the Federal Reserve.

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