The New York Attorney General announced that Bank of New York Mellon would pay $167.5 million to resolve allegations that it engaged in fraud and other misconduct when providing foreign exchange services to its customers. This was part of a larger $714 million settlement also involving the federal government; For more info visit https://web.archive.org/web/20170707112739/https://ag.ny.gov/press-release/ag-schneiderman-and-us-attorney-bharara-announce-groundbreaking-settlement-bank-new