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NewsWhore
01-09-2012, 11:40 PM
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BNY Mellon, U.S. Near Settlement of Foreign Exchange Claims (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGq2q3W83QB-Ye8zH6jwtx9Im96Gw&url=http://www.bloomberg.com/news/2012-01-10/bny-mellon-u-s-near-settlement-of-foreign-exchange-claims-1-.html)
Bloomberg
In some of the cases the banks have said they acted as a principal, selling one currency for another in arms-length transactions at a set price that customers were free to accept or reject. Kevin Heine, a spokesman for BNY Mellon, declined to comment ...

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