Custodial Bank Cheated Clients on Foreign Exchange, Lawsuit Alleges
The Arkansas Teacher Retirement System class-action lawsuit against State Street Corp. looks at custodial banks’ foreign-exchange transactions with public plans.
Judy Ward
December 17, 2025
Pedestrians walk past State Street Corp. headquarters sits in Boston, Massachusetts, U.S., on Thursday, May 7, 2009. State Street, the world's largest money manager for institutions, was judged not to need to raise additional capital after regulators completed their stress test on the bank, according to a person familiar with the matter. Photographer: Michael Fein/Bloomberg News
MICHAEL FEIN/BLOOMBERG NEWS
