Collateralized loan obligation

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Fed fines Bank of New York Mellon for misstating capital for more than 3 years

Jun 27, 2017By

Bank of New York Mellon will pay a fine of $3 million for “unsafe and unsound practices” that led to the bank misstating its capital for more than three years, the Federal Reserve Board announced Tuesday.

3d rendering of a row of luxury townhouses along a street

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