BOSTON -State Street Corp. says a legal reserve of about $625 million it established two years ago may not be enough to cover claims and potential penalties related to fixed-income investments that included subprime mortgages.
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State Street's legal reserve may not be enough
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SBI may retain retail over-subscription under bond issue
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State holding $1.5 billion in property
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Sebi considers new rules to protect investor interest
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First Reserve denies looking to buy out Whitehaven
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Homes could lose $1.7 trillion in value
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Constellation Energy not to move forward with loan guarantee
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Why mortgage insurance does not cover defaults
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Bad debts 'may not have peaked'
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Bellway warn of shortage of affordable mortgages
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UCO Bank, bob, Canara Bank may slip further:
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Principal Financial freezes some rates
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US Bancorp and Wells Fargo lose Massachusetts foreclosure case
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Portfolios of bad loans to grow
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Wells Fargo may boost reserves
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Money fund assets fall to $2.636 trillion
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Boston Properties creates reserve for Lehman rent