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Bank of New York Mellon discloses U.K. probe

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By Bloomberg News
Tuesday, Aug. 12, 2014, 12:01 a.m.

Bank of New York Mellon Corp., the world's largest custody bank, said on Monday that the U.K. Financial Conduct Authority is investigating the protections the bank has in place to safeguard client interests.

BNY Mellon made the disclosure in a regulatory filing. Kevin Heine, a spokesman for the bank, declined to comment beyond the filing.

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