BNY Mellon China JV gets regulator approval for exit of US partner
October 24, 2014 at 00:44 AM EDT
SHANGHAI, Oct 24 (Reuters) - A unit of Bank of New York Mellon Corp, one of the largest wealth managers in the United States, has won regulatory clearance for the sale of its stake in a joint venture with China's Western Securities Co Ltd , as a shake-out continues among partnerships in the country's financial industry.