The pressure grows on the once-lucrative foreign-exchange businesses of BNY Mellon (BK) and...

|By:, SA News Editor

The pressure grows on the once-lucrative foreign-exchange businesses of BNY Mellon (BK) and State Street (STT) as Fidelity - refraining from suing over being gouged - instead pushes for better pricing. BNY's foreign-exchange trading revenue was $121M in Q3, down 45% Y/Y.