US Court Approves FX-Rigging Lawsuit Against 15 Big Banks
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Is the U. Moody's sees a full recovery in , but scars inflicted by the crisis won't fade for years By: James Langton March 29, March 29, OSC takes aim at crypto platforms The regulator is giving firms until April 19 to reveal plans to comply with new guidance By: James Langton March 29, March 29, Geographical diversification is harder to come by, report says Correlations for global equities have become less differentiated, according to a report from Capital Group By: IE Staff March 30, March 30, Specifically, disclosures concerning the unsealing of several whistleblower lawsuits against BNY Mellon, including those in Virginia and Florida, the intervention in those suits by the attorneys general of Florida and Virginia, as well as a series of news articles examining the Company's improper FX trading practices, caused the price of BNY Mellon stock to drop precipitously.
As alleged in the Complaint, one news article published in The Wall Street Journal on August 12, quoted internal Company emails from a BNY Mellon executive that admitted that providing "full transparency" into the Company's FX trading practices to its custodial clients would reduce BNY Mellon's profit margins "dramatically.
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Lewis A. Browne , Jeremy P. Eastern District of Texas Jeremy P. Browne, Gerald H. Foglietta, James M. Fee, Katherine M. Graziano, Jeroen van Kwawegen, Jeremy P. Robinson, Rebecca E. Boon, R. Browne, Adam H. Wierzbowski Mohawk Industries, Inc.