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State Street has burned through $432 million of a $625 million legal fund for claims and fines. (J.B. Reed/ Bloomberg News) |
State Street hints at stiff fines
Legal fund is dwindling as reviews continue
State Street Corp. yesterday hinted it might face stiff penalties from federal and state regulators who are investigating whether the company misled investors about the safety of some of its conservative bond funds that wound up losing money in subprime securities. (Full article: 707 words)
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