Analysis: Forex fine print haunts BNY Mellon, State Street

BOSTON (Reuters) – State Street Corp has unveiled a new twist in its legal defense against charges of foreign exchange fraud: We’re not like Bank of New York Mellon Corp . While both custody banks deny they routinely overcharged state pension fund clients on foreign-exchange trades, State Street is trying to score points in court by highlighting differences in the phrases it used in marketing materials, sometimes buried deep in the fine print.





Reuters: Business News