State Street

State Street Incorrectly Charged $200 Million Over 18 Years

State Street disclosed on Thursday that it over-billed certain clients over an 18-year period by roughly $200 million and will compensate affected clients fully at the end of an internal probe. The Boston financial giant provides asset servicing such as accounting and custody to mutual funds, pensions and other larger investors.


State Street discovered errors after an internal investigation
State Street it will fully compensate affected clients . . .

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