JPMorgan Chase and officials at Bank of New York Mellon have won the dismissal of lawsuits accusing them of overcharging clients for trading currencies.
US District Judge Denise Cote in Manhattan threw out a lawsuit that accused the largest US bank by assets of breaching a fiduciary duty to custodial clients by charging “hidden and excessive mark-ups” on currency trades.
via Business feed http://www.scmp.com/business/banking-finance/article/1275134/jpmorgan-bank-ny-mellon-win-dismissal-forex-lawsuits
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