tailieunhanh - Press Release

The relationship between capital markets, investment and economic growth has been a major interest for economic decision-makers, researchers and analysts. Many countries have tried to boost economic growth through amending capital market regulations, such as phasing out restrictions on capital with the aim of encouraging foreign cash flows into their markets to boost development. Previous studies have shown that stock markets can promote economic growth by directing accumulated savings into real investments. Other studies have examined the factors that determine the investment appeal of such countries, such as the investment environment, macro-economy, and governance among others. . | Press Release BNY MELLON Contacts MEDIA ANALYSTS Kevin Heine Andy Clark 212 635-1569 212 635-1803 BNY MELLON REPORTS THIRD QUARTER CONTINUING EPS LOSS OF . IMPACTED BY Investment securities portfolio restructuring charge M I expenses CONTINUING EPS OF excluding investment securities portfolio restructuring and M I expenses BALANCE SHEET RISK SIGNIFICANTLY REDUCED Fixed income price rally improved portfolio valuation by billion in the third quarter of 2009 consequently Sold billion of the lowest quality securities Restructuring billion of securities with an opportunity to recover a portion of the loss over time Actions and market price recovery reduced the unrealized loss in the securities portfolio over 80 CAPITAL REMAINS STRONG 90 OF RESTRUCTURING CHARGE PREVIOUSLY REFLECTED IN TANGIBLE CAPITAL TCE of Tier 1 of Tier 1 Common REVENUE INCREASE AND EXPENSE DISCIPLINE RESULTED IN POSITIVE OPERATING LEVERAGE excluding investment securities portfolio restructuring NEW YORK Oct. 20 2009 -- The Bank of New York Mellon Corporation NYSE BK today reported a third quarter loss from continuing operations applicable to common shareholders of billion or per common share compared with income of 303 million or per common share in the third quarter of 2008 and 267 million or per common share in the second quarter of 2009. Consistent with our ongoing strategy to reduce balance sheet risk we took advantage of the recent strength in the fixed income markets by selling or recognizing losses on a significant portion of our investment securities portfolio. This restructuring does not materially impact capital is expected to benefit net interest revenue by 125- 175 million in 2010 and significantly reduces the risk of future securities losses said Robert P. Kelly chairman and chief executive officer of BNY Mellon. During the quarter we remained focused on organic growth continuing to provide exceptional client service and .

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