January 13, 2016 BY Mike Fox
Bank of New York Mellon accused of overcharging customers on Forex fees from ADR dividends
Reuters pointed out today that Bank of New York Mellon Corp (NYSE:BK) has been hit with a proposed class action lawsuit accusing it of skimming millions of dollars from clients by overcharging for currency conversions for American Depository Receipt dividends. Filed on Monday of this week in a Manhattan federal court, the lawsuit accused the world's biggest custody…
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