State Street

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.

LATEST

State Street paying penalties to settle SEC charges

The Securities and Exchange Commission has announced that State Street has agreed to pay more than $35 million to settle charges that it fraudulently charged secret markups for transition management services and separately omitted material information about the operation of its platform for trading U.S. Treasury securities.

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State Street Appoints Senior Vice President

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.

State Street Provides Details On Job Losses / Business Transformation Program

State Street Corporation has now provided an update of its multi-year business operations and IT transformation program. First announced in November 2010, the program is designed to enhance State Street's growth by substantially increasing its focus on technology research and development and service excellence to drive innovation for clients and to streamline its operating model.

Former Business Slags Off Deutsche

The Scotsman reports that managers at Edinburgh's WM Company, a business supplier of investment fund performance reports previously owned by Deutsche bank and now under State Street, have made their feelings about life under the German banking giant known. And the comments they are said to have made appear to be far from complimentary.

The Greatest Trade Ever

The New York Post reports that John Paulson, the hedge fund manager who paid himself $3.7bn last year after that spectacular trade shorting the subprime market, lost some ground in July - although not much. The newspaper says that Paulson's six hedge funds fell about 3.7% over the month.

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