The sweet profit center of fx trading for Mellon Bank (BK) and State Street (STT) is under...

|About: The Bank of New York Mel... (BK)|By:, SA News Editor

The sweet profit center of fx trading for Mellon Bank (BK) and State Street (STT) is under attack, not just from regulators, but from new firms set up to give big investors more sophistication and lower costs in their currency dealings. "A worrisome trend," remarks an analyst of combined fx revenue of the 2 off 13% in Q1.