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Apr. 19, 2012, 4:09 AMING (ING) is hawking its Asian asset-management division, Bloomberg reports, with potential bidders including BNY Mellon (BK), Sumitomo Mitsui (SMFG) and Invesco (IVX). An analyst reckons the ops are worth around €500M ($655M), although ING might try to sell the unit together with its Asian insurance arm. | Comment!
BK vs. ETF Alternatives
Bank of New York Mellon Corporation is a global investment company. Its business segments are: Investment Management and Investment Services. Its other segments includes credit-related services, the leasing portfolio, corporate treasury activities.
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