State Street Corporation

102 results about this entity

Period: 12 Oct 2004 - 04 Apr 2024

Bank of Ireland and State Street join Irish fintech accelerator

Irish innovation outfit NDRC has partnered with Bank of Ireland, Enterprise Ireland, Mediolanum and State Street to establish a 'pre-accelerator' programme for financial services startups at the very earliest stages of their development.

Fintech start-ups get chance to wow Wall Street

Financial technology start-ups have been showing off their wares to top executives from Wall Street at the third annual FinTech Innovation Lab 'Demo Day' in New York.

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 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 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 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

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 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

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

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 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 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

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

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.

Anonymous FX market model mooted at Sibos

The extent of demand for anonymous, electronic trading in the FX market was debated during a lively panel discussion on e-FX at the Sibos event in Boston.

E-trading and buy-side demands shifting FX markets - Celent

The global foreign exchange market is rapidly moving towards an exchange traded business model as e-trading accelerates and the traditional segregation of the interdealer and dealer-to-client markets is breached, according to research conducted by analyst house Celent.

State Street to acquire Currenex for $564m

State Street Corporation has signed a deal to acquire online foreign exchange (FX) trading network Currenex for $564 million in cash.

Merrill Lynch implements State Street FX workflow system

State Street Corporation has developed a foreign exchange (FX) execution management workflow system for Merrill Lynch Investment Managers (MLIM) in London.

State Street switches to MPLS network

State Street Corporation has completed the migration of its global office network to a dual-carrier, fully managed multi protocol label switching (MPLS) architecture.

Claimonitor STP utility set for live launch

Claimonitor, a new ASP-based straight-through processing utility for automating transactions and market-related claims in the global custodian, investment banking, asset management and broker communities, is preparing for a live launch next month.