State Street UK has been fined £22,885,000 by the Financial Conduct Authority (FCA).
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 Global Exchange has strengthened its analytics offerings with the addition of two new senior hires, Dr. Jeffrey Bohn and Thomas Hughes.
Citigroup has named Joseph Chang as head of prime finance in Asia Pacific, according to an internal memo obtained by Reuters on Monday.
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.
Credit Suisse said Tuesday it is cutting 150 jobs in its private banking business in Germany as it tries to bolster profitability amid tough market conditions.
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.
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.
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.
Hays Resource Management at UBS.
Goldman Sachs cut jobs and compensation for employees as first-half revenue dropped to the lowest since 2005.
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 ?
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.
Profits over at Jefferies Group were up 59% in the first quarter, coming in at $58.4m. The firm's stock, which is up over 60% in the last 12 months (39% this year alone), rose 8% on the news.
A few interesting stories currently on the wires.
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.
JPMorgan, Bank of America and Citigroup are among eight large U.S. banks that had credit grades cut one level by Standard & Poor’s on the prospect that the U.S. government is less likely to provide aid in a crisis.
'Accelerating the next phase of our transformation program to create cost efficiencies'.
Former executives from BlackRock and Element Capital Management are looking to mix computer programs and traditional money management for their new macro hedge fund.