BNY Mellon to fight overcharging, negligence claims

Gerald Hassell defends bank at first public appearance as CEO

In his first public appearance as the new chairman and CEO of Bank of New York Mellon Corp., Gerald Hassell defended his bank’s reputation at the Barclays financial conference in New York yesterday.

Hassell emphasized that BNY Mellon, which is the largest custody bank in the U.S., intends to fight lawsuits alleging that it unfairly charged customers on foreign exchange transactions.

Ashley Post

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