BNY Mellon Racks Up $6M Fine Over Breached Fed Loan Deal
By Keith Goldberg ( April 16, 2012, 6:02 PM EDT) -- The Federal Reserve fined Bank of New York Mellon Corp. $6 million Monday for posting faulty collateral that allowed the bank to borrow more than it was contractually obligated under a Fed program that helped money market mutual funds survive the 2008 financial crisis....
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