'We do not yet know the root cause of the failure, but we will be conducting a thorough analysis,' said the bank's CEO.
Troubles in an outsourced accounting system leave mutual fund and ETF investors unsure of the value of their holdings.
The FDIC sued the banks over their role as trustees of nearly $2.2 billion of securities purchased by failed financial institution Guaranty Bank.
The case involved the hiring of three interns who are related to two officials of a Middle Eastern sovereign wealth fund.
Banks once dreaded rate rises. Are they right to look forward to them now?
The custody bank agrees to pay $714 million for overcharging pension funds and other customers on foreign exchange trades.
