BNY Mellon to Repurchase Up to $3.1 Billion of Common Stock

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Bank of New York (BK) Approves $3.1B Buyback; Dividend Unchanged

March 11, 2015 4:38 PM EDT

Bank of New York (NYSE: BK) announced that the Federal Reserve did not object to the 2015 capital plan in its Comprehensive Capital Analysis and Review. As a result, the company's board of directors has approved the repurchase of up to $2.4 billion of its common... More