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5/24/2007
Russian Money Laundering Scandal Darkens Mellon / BNY Merger Talks
Russian Money Laundering Scandal Darkens Mellon / BNY Merger Talks
As you'll read in this Pittsburgh Tribune-Review article, some are saying that the BNY / Russia money laundering litigation is a serious enough concern that it could disrupt the planned merger of these two financial heavyweights.
We'll know soon enough what the impact will be, as Mellon shareholders are set to meet this very morning in the 'Burgh. The $17 billion merger with BNY was expected to be complete in July.
We'll see if that timeline holds...
-- MDT
We'll know soon enough what the impact will be, as Mellon shareholders are set to meet this very morning in the 'Burgh. The $17 billion merger with BNY was expected to be complete in July.
We'll see if that timeline holds...
-- MDT
Labels: Bank of New York, Mellon, money laundering, Russia
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