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The story of State Street Bank and Trust Company
Custody bank in Boston and the principal banking subsidiary of State Street Corporation; it traces its beginnings to 1792.
State Street Bank and Trust Company. Custody bank in Boston and the principal banking subsidiary of State Street Corporation; it traces its beginnings to 1792.
4 Feb 2010
State Street Bank and Trust Company settled with the U.S. Securities and Exchange Commission. Misleading investors about their exposure to subprime investments; without admitting or denying the allegations.
A $50 million penalty, more than $8.3 million in disgorgement and prejudgment interest, and more than $255 million in additional payments to compensate investors.
2016
14 Jan 2016: State Street Bank and Trust Company settled with the U.S. Securities and Exchange Commission. $12M, a pay-to-play scheme to win contracts to service Ohio pension funds; without admitting or denying the findings.
26 Jul 2016: State Street Bank and Trust Company settled with the U.S. Securities and Exchange Commission. $167.4M, hidden markups on foreign currency exchange trades for custody clients; it admitted the facts in the order’s Annex A.
Part of a $382.4 million settlement announced on 26 July 2016. The SEC’s order is dated 12 December 2016.
State Street Bank and Trust Company settled with the U.S. Department of Justice. $155M, allegations that it deceived custody clients about foreign currency exchange prices.
A civil penalty, in the same $382.4 million settlement.
7 Sep 2017
State Street Bank and Trust Company settled with the U.S. Securities and Exchange Commission. $32.3M, fraud charges over hidden markups for transition management services.
With State Street Global Markets and State Street Global Advisors Funds Distributors.
State Street Bank and Trust Company settled with the U.S. Securities and Exchange Commission. $3M, disclosure failures about its GovEx trading platform; without admitting or denying the findings.
27 Jun 2019
State Street Bank and Trust Company settled with the U.S. Securities and Exchange Commission. $88.8M, overcharging mutual funds and other registered investment company clients for custody expenses; without admitting or denying the findings.
A $40 million civil penalty and $48.78 million in disgorgement and prejudgment interest.
8 sourced connections, each with its evidence. Open the explorer to follow any of them further, filter by lens, or move through time.
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