Ex-State Street executive cheated clients with secret fees: U.S. prosecutor

BOSTON (Reuters) - A former State Street Corp executive directed a fraudulent scheme to overcharge several of the bank's clients, including Kuwait's sovereign wealth fund, by applying secret commissions to billions of dollars' worth of trades, a U.S. prosecutor told jurors on Tuesday.

from Reuters: Business News https://ift.tt/2HnI7Vn