BNY Mellon to pay $14.8 million to settle U.S. SEC bribery charges

The U.S. Securities and Exchange Commission said the bank failed to evaluate the family members through its highly competitive internship programs and did not apply the rigorous criteria usually required. The family members nonetheless were hired for internships to corruptly influence government officials and to win or keep contracts to manage and service the sovereign wealth fund's assets, the SEC said. "BNY Mellon deserved significant sanction for providing valuable student internships to fami