Don't worry; they are one of the 8 that are too big to jail:
"US officials subpoena State Street" by Beth Healy | Globe Staff November 10, 2014
State Street Corp. has received subpoenas from the Department of Justice and Securities and Exchange Commission, seeking information about its efforts to solicit business from public retirement plans. The Boston financial services giant disclosed the probe in a quarterly filing with regulators.
State Street has retained lawyers to conduct a review, “including our use of consultants and lobbyists in our solicitation of business of public retirement plans and, in at least one instance, political contributions by one of our consultants during and after a public bidding process.”
In a statement, State Street spokeswoman Alicia Curran said the company is cooperating with the authorities and has asked counsel to conduct an internal review.
“Our discussions with regulators and other authorities are confidential so we cannot comment further,’’ she said.
Federal officials declined to comment.
State Street had $28.5 trillion in assets under custody and administration at the end of September and $2.4 trillion in assets under management.
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Also see: State Street selling stake in hedge fund group
