BNY Mellon Sued by U.S. And New York.

The article states that the U.S. Justice Department and New York's attorney general have both filed civil lawsuits alleging fraudulent charges by Bank of New York Mellon Corp. (BNY Mellon) for client currency transactions. It states that New York's civil case alleges federal law violations and claims BNY Mellon defrauded federally insured banks. It mentions law enforcement officials are probing BNY Mellon and State Street Corp. on how they allegedly handled currency costs for pension funds.