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BNY Mellon results hit by legal costs


BNY Mellon has said it included an additional after-tax legal expense of $598m to its reported fourth-quarter results, anticipating resolution of foreign exchange-related actions and other matters.

Nomura reogranizes asset management units

Nomura Logo

Nomura has announced plans to reorganize three core companies in its Asset Management division: Nomura Asset Management (NAM), Nomura Funds Research and Technologies (NFR&T), and Nomura Private Equity Capital (NPEC).

FXCM to drop currencies with volatility risk

Swiss Flag

FXCM, the foreign currency broker hammered by the Swiss National Bank's decision to remove its cap on the franc's value last month, will stop trading selected currencies this week to protect against potential volatility caused by future central bank moves.




JPMorgan lose private bankers

JPMorgan private bankers who oversaw $1.2bn are striking out on their own, helped by a Silicon Valley startup with links to secretive big-data firm Palantir Technologies.