STATE STREET CORP (STT) Risk Factors

Recent key developments

Concrete developments — dated events, named agreements and instruments, legal proceedings — that STATE STREET CORP surfaced in its latest filing.

• In November 2022, we determined to no longer pursue our acquisition of Brown Brothers Harriman’s Investor Services business announced in September 2021 after considering regulatory feedback and potential transaction modifications.November 2022
• 2025 acquisition of PriceStats.2025
• 2024 acquisition of CF Global.2024
• 2021 acquisition of Mercatus.2021
• 2018 acquisition of CRD.2018
• In the first half of 2022, unrealized losses on AFS securities within AOCI, driven by significant increase in interest rates, contributed to a decrease in CET1 capital.first half of 2022
• SEC’s rule to shorten the standard settlement cycle for securities transactions in the United States from T+2 to T+1 became effective in May 2024.May 2024
• On July 27, 2023, the U.S. Agencies issued the 2023 Basel III Endgame Proposal and separately the 2023 G-SIB Surcharge Proposal.July 27, 2023
• In 2021, we paid a $115 million penalty to the office of the United States Attorney for the District of Massachusetts to resolve potential criminal claims arising from the previously disclosed invoicing matter.2021
• In 2017, we entered into a deferred prosecution agreement with the U.S. Department of Justice in connection with a transition management matter.2017
• In May 2021, we entered into a deferred prosecution agreement with the office of the U.S. Attorney for the District of Massachusetts in connection with the invoicing matter.May 2021
• Four former employees were indicted by U.S. prosecutors on charges of criminal conspiracy in connection with the transition management matter; two pled guilty, and a third was convicted in 2018.2018
• We have received information requests from various U.S. state and federal government entities in connection with their investigations of sustainability or ESG investing practices and memberships in certain climate-oriented investor groups.
• We are named as defendants in litigation initiated by several U.S. state Attorneys General alleging violations of antitrust laws in the coal industry.
• Client invoicing matter announced in late 2015.late 2015
• Between November 2023 and November 2024, Moody’s Investors Service advised that its outlooks for State Street Bank’s long-term issuer and deposit ratings, and State Street Corporation’s senior unsecured ratings, were negative.November 2023 to November 2024