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BNY Mellon agrees to settle funds glitch probe

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Bank of New York Mellon has agreed to pay $3m in settling a state investigation into problems it faced in calculating net asset values on some 1,200 mutual funds last August, Massachusetts' top securities regulator said on Monday.

HSBC said to take loan loss

Oil Drums

HSBC is discovering the oil crash extends far beyond the deserts of the Gulf, the plains of west Texas and the shale fields of North Dakota. Even a small energy company in Dublin can inflict pain.