(Reuters) – Bank of New York Mellon Corporation on Friday reported a 50% fall in fourth-quarter profit due to some one-time charges, including one tied to the Federal Deposit Insurance Corporation’s (FDIC) deposit insurance fund.
Net profit came in at $256 million, or 33 cents per share, compared with $509 million, or 62 cents per share, a year earlier.
(Reporting by Pritam Biswas in Bengaluru; Editing by Shinjini Ganguli)
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