Tag: State Street Corporation

Although it didn’t make the headlines last week, State Street suffered a setback in its long-running legal dispute over the fees it charges clients for foreign exchange services when a District Court judge in Boston denied its motion to dismiss the suit. State pension funds in Arkansas and California have sued State Street, alleging that they were for years systematically overcharged by the bank for foreign exchange transactions. State Street has not set aside a reserve against potential claims in these cases, according to a regulatory filing, and its public sta... Read More