BNY faces another FX lawsuit

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US - Bank of New York Mellon is on the receiving end of yet another lawsuit surrounding its foreign currency exchange practices, this time for allegedly marking up trades executed on behalf of the Massachusetts Pension Reserves Investment Management Board (PRIM).

The bank has been named in a fraudulent activity administrative complaint issued by Massachusetts' secretary of the commonwealth, William Galvin. The complaint filed by Galvin's office, alleges BNY...

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