State Street eyes DOJ settlement on overcharges

The U.S. Department of Justice in recent weeks offered State Street Corp. a potential path to settling the agency’s long-running civil and criminal investigation into hundreds of millions of dollars of client overcharges, the company said in a securities filing. The Boston-based firm (NYSE: STT) made the disclosure in its annual report to the U.S. Securities and Exchange Commission. The investigation relates to previously disclosed overcharges of clients for its custodial banking services that…