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 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.
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).
Boston - State Street Corporation has full-year and fourth-quarter 2011 earnings.
State Street Corporation has announced the appointment of Robert Rushe as head of exchange traded products (ETP) servicing in Ireland.
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.
State Street UK has been fined £22,885,000 by the Financial Conduct Authority (FCA).
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).
We asked our readers to let us have their views on where the FSTE 100 and Dow Jones Industrial Average would be as at the end of June.
Reuters reports that Bank of New York posted its first quarter profits Wednesday. They came in up 3% at $434m.
We thought it would be interesting to see how good our readers are at predicting where the equity markets were heading in the first quarter.
The Financial Times reports that US securities regulators have fined Fidelity Investments a total of $3.7m for 'supervisory and e-mail retention failures uncovered during a crackdown on improper...gift-giving'. The firm was found to have brorken its own ethics and entertainment policies as staff were plied with lavish gifts allegedly in exchange for passing on business.
Now here's an interesting one.
'Never Mind Your Bonus' is a must-read for all financial markets professionals, a light-hearted look at the industry (which is also inexpensively priced for all cash-strapped bankers - £10 UK, $16.49 USA).