State Street Corp. has agreed to pay approximately $94 million as part of settlement agreements with federal and state regulators related to its overcharging of clients for custodial banking services for nearly two decades.

The Boston-based company (NYSE: STT) will pay a $40 million fine to the U.S. Securities and Exchange Commission and a $5.5 million penalty to the state of Massachusetts. It has agreed to reimburse clients more than $48 million, money that the company said Thursday it had already…

Boston Biz Journal https://www.bizjournals.com/boston/news/2019/06/27/state-street-to-pay-94m-to-settle-overcharging.html?ana=RSS&s=article_search