The Traderszone Network

Published in TZ Latest News 15 April, 2015 by The TZ Newswire Staff

UK watchdog fines Bank of New York Mellon $185 million

Britain’s markets regulator said on Wednesday it has fined Bank of New York Mellon (BK.N) 126 million pounds ($185.30 million) for failing to comply with custody rules. The Financial Conduct Authority (FCA) said the fine was levied on Bank of New York Mellon’s London branch, and on Bank of New York Mellon International Limited.