Will a $2 trillion Scandal destroy BNY Mellon (NYSE: BK)? — Market Mad House
A $2 trillion banking scandal could destroy Buffett’s favorite BNY Mellon (NYSE: BK).
The Bank of New York (BK) is one of four big banks accused of moving and laundering money for suspected criminals by BuzzFeed News. BuzzFeed News alleges U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) ignored $2 trillion worth of suspicious financial transactions.
BNY Mellon (BK) is one bank named in the BuzzFeed News article. BuzzFeed claims its journalists based…