The agreement resolves federal charges that State Street defrauded clients out of hundreds of millions of dollars by secretly overcharging them for custody services. The company has faced several government investigations related to the alleged misconduct.

Boston Biz Journal https://www.bizjournals.com/boston/news/2021/05/13/state-street-to-pay-penalty-for-overcharges.html?ana=RSS&s=article_search