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Business Finance and Credit

Bank of New York Mellon profit soars in 4Q

NEW YORK  — Bank Of New York Mellon more than tripled its fourth-quarter profit on rising in net interest revenue and lower expenses, easily beating most expectations. Global economic turmoil still weighed on performance. Assets under management, because of weakness ...

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Enhanced Retirement Solutions expands

Enhanced Retirement Solutions LLC, a Rochester-based retirement plan services consultant, is expanding into the third-party administration services arena to provide plan design, document, compliance, reporting, administrative support, and other assistance to plan sponsors. “Retirement plan administration is a complex, ongoing ...

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SBA sees record number of loans in fiscal 2011

As the Small Business Administration’s fiscal year draws to a close, representatives from the SBA’s federal office in Washington, D.C. and the regional office in Buffalo say they’ve issued a record number of loans in 2011 — despite the re-implementation of SBA guarantee fees charged to borrowers.

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