In the Margins

State Street overcharges $200m over 18 years

December 17, 2015

By The Wall Street Journal

State Street Corp. overbilled some clients over an 18-year period by roughly $200 million. The Boston firm said it would fully compensate affected clients, including interest, once its investigation is completed; it also said it would make any required improvements to its billing practices. Read the original story from The Wall Street Journal

 

 

Most Read

Top of the Agenda - Governance
Q&A: Converting open-end funds to ETFs

Guinness Atkinson Funds made history last year when it completed the industry’s first conversions from open-end mutual fund to exchange-traded fund. Since then, a number of ...