New York and US accuse BNY Mellon of FX overcharging - UPDATED

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US - The New York attorney general and the United States attorney general have launched separate lawsuits against Bank of New York Mellon accusing it of overcharging state and nationwide pension funds on foreign exchange currency trades.

In a civil lawsuit brought on behalf of New York State's pension and benefit funds, attorney general of the state of New York Eric Schneidermann said BNY Mellon had consistently overcharged custome...

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