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.

LATEST

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

State Street Logo

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.

Bob Diamond, Commerzbank, JP Morgan, Morgan Stanley

Barclays Bank appears to have more for its £15m a year banker, Bob Diamond, to do. In addition to heading Barclays Capital, the bank's investment banking operation, and overseeing its wealth management businesses, Diamond it seems, will soon be picking up Barclays' larger commercial clients too. Under new restructuring plans, corporate banking is likely to be switched to come under the BarCap umbrella.

FEATURED