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News
March 20, 2015

In the News Today – March 20, 2015

In a case in which lawsuits were brought by multiple regulators — including the U.S. Attorney, the New York Attorney General, the SEC and the U.S. Labor Department — Bank of New York Mellon Corp. has agreed to a $714 million settlement related to foreign exchange allegations. (Crain’s New York)

The authority of the Financial Stability Board, an “international body of financial regulators,” should be “of pressing concern to Congress and the Ameircan public” for its effect on the U.S. financial system. So write the American Enterprise Institute’s Peter Wallison and SEC Commissioner Daniel Gallagher in the Wall Street Journal. (Wall Street Journal)

A U.S. federal judge tossed a lawsuit brought by a non-profit group called “Better Markets” that sought to block JP Morgan Chase’s $13 billion settlement with the U.S. Justice Department. (New York Times)

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