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Bank of New York Agree to Partial Settlement in Civil Fraud Lawsuit

Jan 21st, 2012 | By | Category: Featured Articles

A partial settlement of the civil fraud lawsuit the United States filed against the BANK OF NEW YORK MELLON CORPORATION (“BNYM”) that will require BNYM to reform certain business practices. Specifically, BNYM will change the disclosures it provides to clients about its foreign exchange services. Pursuant to the partial settlement, BNYM must disclose how transactions […]