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Rating:State Street's Latest Subprime Settlement Fills Headlines Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, February 5, 2010

State Street's Latest Subprime Settlement Fills Headlines

News summary by MFWire's editors

Fundsters who want to find out more about the State Street settlement with the state of Massachusetts and the SEC may have to look no further than their own paper's front page. News of the nine-figure deal popped up all over the print news on Thursday and Friday. Some examples (with conflicting sizes for the settlement) include:

  • "State Street Corp. reaches $300M settlement with federal, Massachusetts authorities", from the Associated Press (AP);

  • "State Street to Pay $313 Million After SEC Lawsuit", by Bloomberg's Christopher Condon (also in BusinessWeek);

  • "State Street settles with state, to pay up to $398M", by the Boston Business Journal's Tim McLaughlin;

  • "State Street to repay $313m to investors", by the Boston Globe's Beth Healy;

  • "State St. to pay $333M", by the Boston Herald's Jay Fitzgerald;

  • "State Street Corp. to Pay $300 Million in Subprime Mortgage Case", from Business Ethics magazine;

  • "State Street Bank to Pay $300 Million", from the Courthouse News Service;

  • "Settlement with SEC brings State Street's subprime tab to $663M", by InvestmentNews' Sara Hansard;

  • Mass. enters into largest securities recovery settlement to date", by Legal Newsline's Nick Rees;

  • "State Street Gave Some of Its Clients Better Data", by the New York Times' Katie Zezima;

  • "State Street pays hundreds of millions of dollars to settle investigations over fixed-income funds", by the Quincy, Massachusetts Patriot Ledger's Jon Chesto;

  • "State Street to pay $300 mln in SEC subprime case", by Reuters' Svea Herbst-Bayliss and Karey Wutkowski;

  • "State Street faces subprime enforcement action", from the Structured Credit Investor;

  • "State Street Settles for $300 Million", by the Wall Street Journal's Amir Efrati, Jane J. Kim and Larry Light;

  • and "Galvin Hits State Street With $10M Fine, $300M in Payments", by the Worcester Business Journal's Matthew L. Brown. 

    Edited by: Neil Anderson, Managing Editor


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