State Street is a leading financial services provider serving some of the world’s most sophisticated institutions. The company offers a flexible suite of services that spans the investment spectrum, including investment management, research and trading, and investment servicing.

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State Street Plans 630 Job Cuts

Depression, Suicide

State Street, the third- largest custody bank, said it will eliminate 630 jobs in its third round of cuts in two years to bolster profit as record low interest rates weigh on revenue from lending.

State Street CFO to Retire in 2013

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State Street Corporation has announced that Executive Vice President and Chief Financial Officer, Edward J. Resch, 60, has informed the company of his plan to retire in 2013, after more than a decade in the role, following the appointment of his successor and an orderly transition of the function.

HOT LIST

The Greatest Trade Ever

The New York Post reports that John Paulson, the hedge fund manager who paid himself $3.7bn last year after that spectacular trade shorting the subprime market, lost some ground in July - although not much. The newspaper says that Paulson's six hedge funds fell about 3.7% over the month.

The 'Heads I Win, Tails You Lose' Bonus Report

New York State Attorney General Andrew Cuomo has released his report on bank bonus culture, which is he dramatically titles 'No Rhyme Or Reason - 'Heads I Win, Tails You Lose''. The contents will no doubt shock everyone, except those who work in the financial markets.

State Street Provides Details On Job Losses / Business Transformation Program

State Street Corporation has now provided an update of its multi-year business operations and IT transformation program. First announced in November 2010, the program is designed to enhance State Street's growth by substantially increasing its focus on technology research and development and service excellence to drive innovation for clients and to streamline its operating model.

State Street CFO to Retire in 2013

State Street Corporation has announced that Executive Vice President and Chief Financial Officer, Edward J. Resch, 60, has informed the company of his plan to retire in 2013, after more than a decade in the role, following the appointment of his successor and an orderly transition of the function.

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