Violation Tracker Individual Record

Company: 
State Street Bank
Current Parent Company: 
State Street Corp.
Penalty: 
$11,700,000
Year: 
2010
Date: 
October 26, 2010
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

State Street Bank agreed to pay $11.7 million to the Washington State Investment Board to settle a contract dispute over the pricing of foreign exchange transactions executed between 1997 and 2007 while State Street was the custody bank for the WSIB.

Level of Government: 
state
Action Type: 
agency action
Agency: 
Washington Attorney General
Civil or Criminal Case: 
civil
Facility State: 
Washington
HQ Country of Parent: 
USA
HQ State of Parent: 
Massachusetts
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
financial services
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.