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View Full Version : BNY Mellon Accused of Fraud by Massachusetts Over Foreign-Currency Pricing - Bloomber



NewsWhore
10-26-2011, 01:40 PM
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BNY Mellon Accused of Fraud by Massachusetts Over Foreign-Currency Pricing (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEaBBNAFfDmQoXdUObwGxBvI4nphw&url=http://www.bloomberg.com/news/2011-10-26/bny-mellon-accused-of-fraud-by-massachusetts-over-foreign-currency-pricing.html)
Bloomberg
(BK), the world&#39;s largest custody bank, was accused by Massachusetts of defrauding public pension funds by overcharging on foreign- currency transactions. BNY Mellon used “a hidden scheme that rigged the pricing of non-negotiated foreign-exchange ...

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