State Street Bank

Banks explore a safe deposit box for cryptocurrencies

08/08/18

They are disinclined to talk about it much yet, but the big three trust banks as well as JPMorgan and Goldman are said to be mulling custody services that would help shield wealthy bitcoin investors from theft. Here are the selling points and the risks.

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Investors question State Street; regionals worry about trade effect

07/23/18

Purchase of data firm and cancellation of a stock buyback rile shareholders; smaller banks are concerned tariffs could hurt business lending.

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State Street to buy investment management platform for $2.6B

07/20/18

State Street said it would suspend a share repurchase program and issue common and preferred stock to pay for the deal.

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Where is State Street deploying AI? Everywhere

06/18/18

Reconciling accounts, predicting market turns and their effects on portfolios, and even answering client faxes (yes, faxes) can all be done better with artificial intelligence, the custody bank says. Experts describe it as a cutting-edge program.

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Regionals may lose ‘systemic’ label, but they’re not out of the woods

03/23/18

The regulatory relief bill frees some regional banks from the tough supervision reserved for larger companies, but regulators still can subject them to onerous requirements.

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Big banks got huge tax cuts, then hiked cities' interest rates

02/15/18

As U.S. banks were tallying up the billions of dollars in extra profits they'll reap from the sweeping tax cuts signed into law by President Donald Trump, they were quietly delivering unwelcome news to local governments: The interest rates on their loans were about to go up.

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Cryptocurrencies concern regulators; banks applaud Trump

01/25/18

SEC, CFTC heads say cyber markets “show little or no regard” for regulation; Dimon and Blankfein say president’s policies help the economy and their businesses.

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State Street profit climbs 19% on new asset-servicing contracts

01/23/18

The new tax law took a one-time bite out of fourth-quarter results, but higher rates strengthened yields and new business boosted fee income.

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Vanguard leapfrogs cautious banks, unveils blockchain network plan

12/12/17

Rather than forming a consortium of peers to investigate blockchain technology, as many banks have done, one of the world's largest asset managers is acting on its own.

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'Big mistake': New State Street CEO says he regrets plagiarism incident

11/09/17

Ronald O’Hanley withdrew from law school at Vanderbilt University in 1983 after admitting to plagiarism while editor-in-chief of the school’s law review, according to a news report.

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