State Street Corp., the investment company that commissioned the “Fearless Girl” statue on Wall Street, has agreed to pay $5 million to settle allegations it discriminated against hundreds of female employees.

According to the U.S. Labor Department, the Boston-based company, which manages about $2.5 trillion, paid more than 300 women in top leadership roles less that it paid men in comparable positions. The women received less base salary, bonus pay and total compensation, going back to at least 2010, the government said. The Labor Department also said some black employees were paid less than comparable white employees. . . .