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BNY Mellon Wealth Unit Looks West

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Bank of New York Mellon plans to expand its wealth management business westward, using proceeds from last month's deal to sell Mellon 1st Business Bank to U.S. Bancorp.

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The $25 billion mortgage robo-signing settlement is:
Political extortion from the banks in an election year
A slap on the wrist — the banks put reserves away for this long ago, they won't even feel it
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