US - State Street Corp. said on Friday it added another US$250m into its legal reserve and entered into an $89.8m proposed settlement of a class action suit regarding strategies run by State Street Global Advisors.
The firm's legal reserve now totals $443m and State Street said that should be enough to resolve proceedings brought against it by the Securities and Exchange Commission and other investors. The...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
