No surprise here. Don't admit to anything, just cut a big check!!
Talks in Currency Suit --- BNY Mellon Is Negotiating With U.S. to Settle Claims... Bank of New York Mellon Corp. is in preliminary talks with federal prosecutors to resolve a high-profile civil lawsuit that accused the bank of fraudulently overcharging clients in trading currencies, according to people familiar with the matter. A settlement, in a case filed in October by the Manhattan U.S. Attorney's office, would be an important step for the New York bank. BNY Mellon is facing a number of other lawsuits, seeking a total of more than $2 billion in damages, which are challenging the business model used for one of its most profitable services.