The Bank of New York Mellon will pay $714 million to settle accusations that it cheated government pension funds and other investors for more than a decade, federal and state authorities announced on Thursday. It is part of a broader deal requiring the bank to dismiss some employees and make fuller public disclosures of its foreign exchange operation.
http://www.nytimes.com/2015/03/20/business/dealbook/bank-of-new-york-mellon-to-pay-714-million-in-foreign-exchange-settlement.html?emc=edit_dlbkpm_20150319&nl=business&nlid=67213019&_r=0
