Morning Scan: BNY Mellon Fined by U.K. Regulator; Target, MasterCard Discuss Settlement.

The article talks about developments in the U.S. financial services industry as of April 15, 2015. Great Britain's Financial Conduct Authority has fined Bank of New York Mellon for failing to keep client money separate from its own proprietary accounts in its London, England office. Supermarket chain Target will reimburse banks for the costs associated with its 2013 data breach. The U.S. Federal Reserve and the Bank of England are planning to change the rules for repurchase agreements.