Northern, State Street, JPMorgan investigated over sec-lending
US - Legal action against custodians related to securities lending activities has intensified as a US law firm announced an investigation into the activities of Northern Trust Company (NTC) and Northern Trust Investments, N.A. (NTI), State Street Bank & Trust Co. and JPMorgan Chase Bank, N.A.
Keller Rohrback L.L.P. alleges the three companies' lending programs have resulted in severe losses to retirement savings and pension plans protected under the Employee Retirement Income Security Act of...
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