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.
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.
Credit Suisse has put its $17.2bn European exchange-traded fund business up for sale, according to sources familiar with the matter.
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.
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).
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.
The 2007 merger that created Bank of New York Mellon, the custody bank, failed to deliver higher profits as the company lags behind its biggest rivals, according to Mike Mayo, an analyst at CLSA.
As the season of goodwill approaches, investment banks and their like are bang in the middle of the subprime blues. So exactly how much, if anything, will they shell out for the annual staff Xmas piss-up ?
Here's the latest on the 'Movers & Shakers' front.