![]() But they can also hold these banks to the language they use.” “Certainly courts will disregard what’s deemed to be salesmanship and puffery. “Cases can very much turn on words,” said Anthony Sabino, a lawyer and business professor at St. What’s a few words among banks and their pension fund clients? ![]() REUTERS/Brendan McDermidīNY Mellon frequently told pension fund clients that it provided forex trades “free of charge.” Boston-based State Street was less direct in some of its promotional material, often describing its forex trades as “based on” market prices. A BNY Mellon sign is seen on their headquarters in New York's financial district, January 19, 2011. ![]()
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