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Bank Of New York Mellon Corp In $28 Million Pact With Florida Over Forex Pricing - Reuters


Friday, 1 Nov 2013 03:19pm EDT 

Reuters reported that Bank of New York Mellon Corp on November 01, 2013 reached a $28 million settlement with Florida's attorney general to resolve allegations that the bank overcharged a state pension plan on foreign currency transactions. Pam Bondi, the attorney general, said the accord provides full compensation for the state's past foreign currency trades, and ensures transparency on the pricing of future trades. 

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