California Attorney General Jerry Brown says a major banking firm bilked the state's two biggest pension funds out of more than $200 million. Brown has filed a lawsuit against State Street Bank and Trust Company. The suit alleges the Boston-based firm overcharged the California Public Employees Retirement System and the California State Teachers' Retirement System with fees and penalties for handling foreign currency trades.
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Full story at http://www.npr.org/templates/story/story.php?storyId=113990965&ft=1&f=1006
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