BNY Mellon $335 Million Settlement Wins Final Court Approval

  • Decision clears the way for payments to 1,200 bank clients
  • BNY Mellon settled foreign-exchange fraud claims in March

Bank of New York Mellon Corp. will pay $335 million to clients claiming the bank defrauded them in foreign-exchange transactions for as long as a decade, after a judge granted final approval to a settlement reached in March.

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