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BNY Mellon (NYSE:BK) CEO Gerald Hassell rushes to the defense of Jefferies (JEF -0.5%),...

BNY Mellon (NYSE:BK) CEO Gerald Hassell rushes to the defense of Jefferies (JEF -0.5%), lamenting rumors driving the market and noting that JEF stock has swung wildly “on the basis of a seemingly isolated opinion," referring to the downgrade by Egan-Jones. Hassell credits Jefferies management for enhanced disclosures and minimizing European exposure as a "good faith measure."

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The Bank of New York Mellon Corporation