Financial Firm Behind 'Fearless Girl' Will Pay $5 Million for Allegedly Underpaying Women and Minorities

State Street's subsidiary had been the year's most celebrated champion of diversity


State Street Corp., parent company of the investment firm behind Wall Street’s iconic Fearless Girl statue, today agreed to pay a combined $5 million to more than 300 women and 15 black employees who were paid less than their white, male counterparts, according to a federal audit. Bloomberg first broke the news.

According to today’s filing, the U.S. Department of Labor’s Office of Federal Contract Compliance Programs audited the bank starting in late 2012 based on data concerning the years 2010 and 2011.

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