State Street Corporation

104 results about this entity

Period: 12 Oct 2004 - 20 Aug 2024

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Tradition launches spot FX trading platform

Tradition launches spot FX trading platform

Tradition has launched ParFX, a spot forex trading platform with the backing of 11 major banks, including Barclays and UBS.

State Street takes 850 IT staff off the payroll

State Street takes 850 IT staff off the payroll

State Street is to sack 530 IT staff and transfer 320 other tech personnel to IBM and Wipro under an enterprise-wide technology modernisation programme.

State Street implements private cloud

State Street implements private cloud

State Street is rolling out a private cloud environment to provide clients with access to data and analysis in real time.

State Street to expand Chinese software and support base

State Street to expand Chinese software and support base

State Street is relocating its 1000-strong Chinese technology and back office support unit to bigger offices capable of housing an additional 1000 workers.

State Street looks for savings from job cuts and cloud computing

State Street looks for savings from job cuts and cloud computing

US custodian State Street is to cut 1400 jobs, close offices and invest in new technologies as it looks to shave up to $625 million from its operating costs by 2014.

State Street to acquire Mourant fund admin business

State Street to acquire Mourant fund admin business

State Street is expanding its global fund administration and alternative servicing capabilities with an agreement to acquire Jersey-based Mourant International Finance Administration (MIFA) in a cash transaction. Terms of the deal, which is expected to close in Q1 2010, were not disclosed.

Legacy clearing threat to OTC derivatives warns State Street

Legacy clearing threat to OTC derivatives warns State Street

Rising volumes of over-the-counter derivatives trades are threatening to swamp legacy clearing and settlement systems, warns State Street in a report that calls for a co-ordinated industry-wide effort to develop a new post-trade servicing regime for the industry.

Black Thursday for financial markets as job losses mount

Black Thursday for financial markets as job losses mount

Financial markets have been rocked by a further series of massive job reductions at top firms, including Credit Suisse, Nomura, Commerzbank/Dresdner Kleinwort, State Street, and Jefferies.

State Street to cut IT spend

State Street to cut IT spend

State Street CEO Ron Logue says the firm has developed an "aggressive" set of policies to manage headcount and related IT expenses over the coming year.

State Street reports data theft

State Street reports data theft

State Street Corporation says computer equipment containing personal data belonging to staff and customers of its recently acquired Investors Bank & Trust (IBT) unit has been stolen.

State Street Global Markets acquires SSISearch

State Street Global Markets acquires SSISearch

Investment research and trading outfit State Street Global Markets has acquired UK reference data provider SSISearch. Financial terms of the deal were not disclosed.

HSBC, Bank of America and Washington Mutual hit most by ID theft - US study

HSBC, Bank of America and Washington Mutual hit most by ID theft - US study

US customers of HSBC, Bank of America and Washington Mutual have been found to suffer the highest rates of identity theft, according to research from the University of California at Berkeley.

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