BNY warns court against finding it responsible for investor losses
BNY Mellon has said that the US Supreme Court could cause "wrenching" damage to the residential mortgage-backed securities market if it overturns a previous ruling, and rules that the bank is responsible for investors losses incurred during the financial crisis.

By Evan Weinberger (November 23, 2015, 4:06 PM EST) -- BNY Mellon has said that the U.S. Supreme Court risks causing "wrenching" changes to the residential mortgage-backed securities market if it overturns a lower court finding that it was not responsible for investor losses during the financial crisis....

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