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Violation Tracker UK Individual Case
Company: State Street Bank Europe Limited and State Street Global Markets International Limited
Current Parent Company:
State Street Corp.
Parent at the Time of the Penalty Announcement: State Street Corp.
Penalty: £22,885,000
Year: 2014
Date: 30 January, 2014
Offence Group: financial offences
Offence Type: investor protection violation
Violation Description: State Street Bank Europe Limited and State Street Global Markets International Limited paid a £22.8 million fine in settlement of a finding by the FCA that they deliberately overcharged clients using Transaction Management services on their securities portfolios.
Action Type: agency action
Settlement Type: settlement of FCA Decision
Agency: Financial Conduct Authority
HQ Country of Parent: United States
Ownership Structure of Parent: publicly traded
Major Industry of Parent: financial services
Specific Industry of Parent: financial services
Source of Data:
(click here)
