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The story of State Street Corporation
American financial holding company in Boston, organized in 1969; the parent of State Street Bank and Trust and of the asset manager State Street Investment Management.
1969 –
State Street Corporation. American financial holding company in Boston, organized in 1969; the parent of State Street Bank and Trust and of the asset manager State Street Investment Management.
17 Jan 2017
State Street Corporation, charged by the U.S. Department of Justice. One count of conspiracy to commit wire fraud and securities fraud.
State Street Corporation settled with the U.S. Department of Justice. $32.3M, deferred prosecution agreement, over secret commissions charged to transition management clients.
The company agreed that the Information’s allegations and the statement of facts are true and accurate. The term ran three years from the later of the filing or a monitor’s retention, and its 2020 annual report says the monitor’s term was extended to 2021.
A charge is an accusation, not a finding of guilt.
13 May 2021
State Street Corporation, charged by the U.S. Department of Justice. One count of conspiracy to commit wire fraud.
State Street Corporation settled with the U.S. Department of Justice. $115M, deferred prosecution agreement, over secret markups on expenses charged to custody clients.
The Justice Department reports the company’s admissions in its release. The agreement also required a compliance monitor for two years.
A charge is an accusation, not a finding of guilt.
28 Jul 2022
State Street Corporation, charge dismissed by the U.S. Department of Justice.
The court ordered the dismissal the next day and closed the case on 1 August 2022.
29 Feb 2024
State Street Corporation, charge dismissed by the U.S. Department of Justice.
The court closed the case on 4 March 2024.
State Street Corporation holds shares for clients in Tesla, Microsoft, Amazon and BlackRock.
State Street Corporation, headquartered in Boston.
State Street Corporation, involved in common ownership of US airlines.
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