State Street back under spotlight as Connecticut attorney general investigates FX charges
State Street is back under the spotlight for its mis-pricing of FX trades to US state pension funds, as the Connecticut attorney general's office seeks to open an investigation into forex trades made by the custodian bank on behalf of its $25.2 billion pension schemes.
"We are aware of public reports questioning how much State Street charges its custodial customers on foreign exchange transactions. State Street handles some foreign exchange transactions for the State. We are reviewing the matter
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