Holy Hannah! From the WSJ: Bank of New York Mellon Corp. has reached an
agreement with the state of Virginia to resolve accusations the bank charged
hidden markups on currency transactions to Virginia's employee pension fund, in
a deal that will also involve a $1.1 million payment to a whistleblower group,
according to a person familiar with the negotiations.
The whistleblower group includes Grant Wilson, who spent two
years as a secret informant while sitting on the bank's Pittsburgh trading
desk..
As part of the agreement, Virginia won't pursue ..
More? Check out http://online.wsj.com/article/SB10001424127887324073504578107561265168422.html?mod=WSJ_hp_LEFTWhatsNewsCollection
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