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The Bank of New York Mellon Corporation Settles With Prudential Financial, Inc Over Forex Trades-Reuters


Monday, 18 Jun 2012 08:35pm EDT 

Reuters reported that The Bank of New York Mellon Corporation will compensate Prudential Financial, Inc after the insurer complained about the pricing of its foreign exchange transactions, according to a recent court filing by the U.S. Justice Department. BNY Mellon agreed to repay more than half the revenue it generated from the Prudential currency trades in question, according to the amended Justice Department complaint. 

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17 May 2013