New York's attorney general and the U.S. Attorney's Office in Manhattan are probing foreign exchange services at State Street Corp. almost five months after suing Bank of New York Mellon Corp over the same issue Bloomberg reports.
The two offices "have made inquiries to us about our indirect foreign exchange execution methods," the Boston-based company said today in a filing with the Securities and Exchange Commission. State Street, the third-largest custody bank, has already been sued by California and Arkansas claiming the company overcharged public pension funds for some foreign exchange transactions...
Read more at http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2012/02/27/bloomberg_articlesM02DNF6K50Y201-M02F4.DTL#ixzz1nf8MbaKx
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