Reuters logo
Bank of New York Mellon to pay $6.6 million to settle SEC charges
January 12, 2017 / 6:45 PM / a year ago

Bank of New York Mellon to pay $6.6 million to settle SEC charges

WASHINGTON (Reuters) - The Bank of New York Mellon Corp (BK.N) will pay $6.6 million to resolve civil charges after it miscalculated its risk-based capital ratio, federal regulators said on Thursday.

The Bank of New York Mellon Corp. building at 1 Wall St. is seen in New York's financial district March 11, 2015. REUTERS/Brendan McDermid

The Securities and Exchange Commission said the bank broke the capital rules by excluding from its calculations approximately $14 billion in collateralized loan obligation assets. The bank is settling the case without admitting or denying the charges.

Reporting by Sarah N. Lynch; Editing by Chris Reese

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below