State Street

CRA overhaul may get messy; Student loans vulnerable in bankruptcy

01/09/20

Fed proposal is at odds with the one offered by the FDIC and OCC; judge wants to dispel the “myth” that student loans can’t be expunged in bankruptcy.

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What inspired State Street's digital asset investing venture

12/19/19

The bank sees digital assets as part of the future and "we want to be there when this happens," says Ralph Achkar, head of digital product development and innovation.

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Regulators find 'shortcomings' in living wills of six large banks

12/17/19

The Federal Reserve and Federal Deposit Insurance Corp. found issues with the firms' ability to compile data on how they would be unwound during a period of financial stress.

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The second round of stress tests; State Street settles with SEC

06/28/19

The results clear the way for bigger dividends and stock buybacks at big banks; State Street agreed to pay $88 million to settle claims it overcharged clients.

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Banks launch firm to settle transactions, peer-to-peer, on blockchain

06/05/19

State Street, BNY Mellon, UBS and Credit Suisse are among the banks that have created a company to bring their idea of a utility settlement coin to life.

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'Look up, there's no glass ceiling': State Street's Hannah Grove

05/25/19

Calls for getting more women into leadership positions, and strategies for achieving that, dominated the LEAD conference in New York.

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The Wall Street banks bullish on blockchain

05/13/19

Some banks have backed away from the technology, but Northern Trust, State Street and JPMorgan Chase are among those actively working on blockchain projects.

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BofA may go solo on payments processing; Trust banks’ slide

05/10/19

The bank may end its venture with First Data to work on its own; State Street and BNY Mellon's fee revenue from investor clients and stock prices are down.

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Institutional clients' deposit shuffle burns custody banks

04/23/19

Money managers, which are critical to the success of State Street and Northern Trust, are aggressively moving cash into higher-rate products.

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State Street says it's laying off 1,500 workers to cut costs

01/18/19

State Street Corp. said it’s laying off 1,500 staff as part of a plan to reduce costs.

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