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Bank of New York Mellon to pay $6.6 million to settle SEC charges


WASHINGTON (Reuters) - The Bank of New York Mellon Corp <BK.N> will pay $6.6 million to resolve civil charges after it miscalculated its risk-based capital ratio, federal regulators said on Thursday.

The Securities and Exchange Commission said the bank broke the capital rules by excluding from its calculations approximately $14 billion in collateralized loan obligation assets. The bank is settling the case without admitting or denying the charges.

(Reporting by Sarah N. Lynch; Editing by Chris Reese)