State Street

State Street is a leading financial services provider serving some of the world’s most sophisticated institutions. The company offers a flexible suite of services that spans the investment spectrum, including investment management, research and trading, and investment servicing.


State Street paying penalties to settle SEC charges

The Securities and Exchange Commission has announced that State Street has agreed to pay more than $35 million to settle charges that it fraudulently charged secret markups for transition management services and separately omitted material information about the operation of its platform for trading U.S. Treasury securities.


The 'Heads I Win, Tails You Lose' Bonus Report

New York State Attorney General Andrew Cuomo has released his report on bank bonus culture, which is he dramatically titles 'No Rhyme Or Reason - 'Heads I Win, Tails You Lose''. The contents will no doubt shock everyone, except those who work in the financial markets.

Money On Hook

State Street to pay $64.6m, name monitor after fraud

State Street agreed to pay $64.6 million and cooperate in the U.S. prosecution of former executives, while admitting it overcharged six clients in Europe, Africa and the Middle East. The Boston-based bank also agreed to appoint a compliance monitor.

State Street Appoints Senior Vice President

State Street has announced the appointment of Dick Taggart to Senior Vice President and head of Middle Office Outsourcing Operations across North America for the Company’s Investment Manager Services business.