Credit Suisse has put its $17.2bn European exchange-traded fund business up for sale, according to sources familiar with the matter.
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.
Four of the 10 largest shareholders at State Street are said to be agitating for the removal of the firm’s CEO or CFO amid growing frustration at its stagnant share price and the pace of cost-cutting.
State Street Corporation has announced the release of its full 2011 corporate responsibility report. Published annually since 2004, the report highlights the company’s environmental, social and governance (ESG) performance over the past year, and its goals for the future.
Now here's an interesting one.
Goldman Sachs cut jobs and compensation for employees as first-half revenue dropped to the lowest since 2005.
State Street has announced the appointment of Dick Taggart to Senior Vice President and head of Middle Office Outsourcing Operations across North America for the Company’s Investment Manager Services business.
Here's a few links to some interesting Bloomberg, MarketWatch, New York Times and Reuters stories currently doing the rounds.
Here's some links to a few interesting Bloomberg, New York Post and Reuters stories currently doing the rounds.
Here's a few links to some interesting Bloomberg, CNBC, Daily Telegraph, Financial Times, New York Times and Reuters stories currently doing the rounds.
State Street Global Markets has announced the appointment of John Minderides to head of its portfolio solutions business for Europe, the Middle East and Africa (EMEA).
Here's the latest on the 'Movers & Shakers' front.
State Street Corporation have announced that its Board of Directors has appointed Michael (Mike) F. Rogers to president and chief operating officer (COO). He will continue to report to Jay Hooley, chairman and CEO of State Street.
We're a little late with this one, as these awards were announced at the beginning of January.
39-year-old Kate Johns was jailed for 5 years in London Friday, after being found guilty of defrauding her employer, Bank of Tokyo Mitsubishi, out of around $9.4m.
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 UK has been fined £22,885,000 by the Financial Conduct Authority (FCA).
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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 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.
US Treasury Secretary Tim Geithner came under fire again last week over the bailout of AIG (he was a key player in that saga in his previous position as President of the New York Federal Reserve).