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Your search keyword '"Mollenkamp, Carrick"' showing total 2 results
2 results on '"Mollenkamp, Carrick"'

1. Two States Go After Big Bank On Forex.

Author

McGinty, Tom and Mollenkamp, Carrick

Subjects
*CURRENCY transactions, *ACTIONS & defenses (Law)
Abstract

The article reports that attorneys general in Florida and Virginia have separately sued banking company Bank of New York Mellon Corp. for alleged improper pricing of currency transactions Mellon processed for pension funds in those states. A 2008 internal document at the bank said volatility in currency prices helped Mellon achieve greater profits when trading on behalf of institutional customers.

Published
2011

2. Suspicion Of Forex Gouging Spreads.

Author

Zuckerman, Gregory, Mollenkamp, Carrick, Wei, Lingling, Neumann, Jeannete, and Martin, Katie

Subjects
*FOREIGN exchange, *ACTIONS & defenses (Law), *BANKING industry
Abstract

The article reports that some banks are believed to have charged large U.S. investment companies excessive amounts for foreign-currency trades. Bank of New York Mellon Corp. is among banks suspected by investment firm BlackRock Inc. of overcharging on trades. Attorneys general in Florida, Virginia, and California have sued custody banks for taking improper profits on currency trades for their clients.

Published
2011

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