Welcome to our dedicated page for State Street Corporation news (Ticker: STT), a resource for investors and traders seeking the latest updates and insights on State Street Corporation stock.
State Street Corporation (STT) is a globally recognized leader in the financial services industry. Specializing in investment management, investment research and trading, and investment servicing, State Street partners with institutional investors worldwide. These services cater to asset managers, asset owners, alternative asset managers, insurance companies, pension funds, and official institutions.
With approximately $42 trillion in assets under custody and administration and $4.1 trillion in assets under management as of December 31, 2023, State Street demonstrates its significant presence and influence in the financial sector. The company operates in more than 100 geographic markets and employs over 46,000 professionals globally, providing a robust network of support and expertise.
State Street is committed to helping clients overcome challenges and achieve better performance both now and in the future. The company consistently delivers innovative solutions and maintains a forward-looking approach to meet the evolving needs of its clients.
Recent achievements include strategic partnerships and technological advancements aimed at enhancing client services. State Street's current projects focus on expanding its capabilities in data analytics, artificial intelligence, and digital asset management, ensuring it remains at the forefront of the industry.
In addition to its core services, State Street is dedicated to sustainability and responsible investing, integrating environmental, social, and governance (ESG) criteria into its investment processes. This commitment not only benefits clients but also contributes to the broader goal of sustainable development.
State Street Corporation (NYSE: STT) has been appointed by my529 to offer investment servicing solutions, aiming to enhance my529’s operational efficiency. my529, Utah's official nonprofit 529 educational savings plan, has over $20 billion in assets under management and serves more than 400,000 participants. The partnership will allow my529 to upgrade technology, streamline operational processes, and focus on growth. State Street will provide various services including accounting, NAV calculations, performance reporting, and trading services.
State Street Corporation has reached a proposed settlement regarding a derivative action that impacts shareholders as of June 24, 2021. The settlement does not involve any monetary compensation to shareholders. A court hearing is scheduled for October 13, 2021, to evaluate the settlement's fairness and to consider dismissing all claims in the litigation. Shareholders who do not object will be bound by the court's final judgment. State Street, a global financial services leader with $42.6 trillion in assets under custody, continues to serve institutional investors worldwide.
State Street Corporation (NYSE:STT) has launched its Collateral+ business, now operational with DTCC’s Margin Transit Utility (MTU). This new capability simplifies collateral transfer, enhances operational efficiency, and reduces risk by automating margin processes. Clients can now validate, enrich, and monitor collateral more effectively. With market volatility and final phases of uncleared margin rules, automation is increasingly crucial. State Street manages
State Street Corporation (NYSE:STT) announced participation of COO Lou Maiuri and CFO Eric Aboaf in the Barclays Global Financial Services Conference on September 13, 2021, at 10:30 am ET. The event will be virtual, and a webcast will be available on State Street’s Investor Relations page. A recorded replay will also be accessible post-event for two weeks. As of June 30, 2021, State Street manages $3.9 trillion in assets and holds $42.6 trillion in assets under custody worldwide.
State Street Corporation (NYSE: STT) announced its partnership with Lukka to enhance digital and cryptocurrency asset fund administration for private funds clients. This collaboration will enable State Street to utilize Lukka's software for data management, processing, and reporting related to digital assets. The move follows the launch of State Street Digital, aimed at evolving towards digital finance. With $42.6 trillion in assets under custody, State Street is positioning itself to meet growing demands in the crypto space, helping clients diversify their portfolios.
State Street Corporation (NYSE: STT) has submitted its 2021 resolution plan to the Federal Reserve and the FDIC. This plan, known as a “living will,” outlines measures to improve the company's resolvability, adhering to regulatory standards. As of June 30, 2021, State Street managed $3.9 trillion in assets and held $42.6 trillion in assets under custody. The public section of the resolution plan is accessible in the Investor Relations area of State Street's website.
State Street Corporation (NYSE:STT) has announced an acquisition of Mercatus, Inc., enhancing its front and middle office solutions for private market managers. The deal emphasizes the launch of the State Street AlphaSM for Private Markets solution, which aims to streamline investment management across diverse asset classes. The transaction, pending customary conditions, is set for completion in September. This move is part of State Street's strategy to address inefficiencies in private market processes and to support institutional investors' complex needs.
State Street Global Advisors released a survey indicating a growing interest among institutional investors in indexed fixed income strategies, particularly in ESG themes. Key findings highlight that 76% of participants allocate under 30% of their fixed income portfolio to index strategies. Moreover, 71% plan to increase ETF use in core fixed income portfolios. The survey emphasizes the importance of ESG integration and reveals that 61% prioritize ESG factors in their fixed income strategies.
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