State Street Announces Resolution Plan for 2021

Rhea-AI Summary

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.

Positive

• Filed 2021 resolution plan to enhance business resolvability.
• Currently manages $3.9 trillion in assets, indicating financial strength.
• Holds $42.6 trillion in assets under custody, showcasing market position.

Negative

• None.

State Street Corporation (NYSE:STT) today announced that it has filed its 2021 resolution plan.

State Street, along with other banking institutions, periodically prepares and files its resolution plan, commonly referred to as a “living will,” with the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation. The resolution plan details State Street’s efforts to enhance resolvability across its business in line with applicable rules and guidance.

The Public Section of State Street’s resolution plan can be found in the Investor Relations section of its website, at http://investors.statestreet.com/.

About State Street Corporation

State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $42.6 trillion in assets under custody and/or administration and $3.9 trillion* in assets under management as of June 30, 2021, State Street operates globally in more than 100 geographic markets and employs approximately 39,000 worldwide. For more information, visit State Street's website at www.statestreet.com.

*Assets under management as of June 30, 2021 includes approximately $64 billion of assets with respect to SPDR® products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Global Advisors are affiliated.

© 2021 State Street Corporation - All Rights Reserved

View source version on businesswire.com: https://www.businesswire.com/news/home/20210727006094/en/

FAQ

What is the 2021 resolution plan filed by State Street Corporation?

The 2021 resolution plan is a 'living will' submitted to regulators detailing State Street's strategies to enhance its resolvability.

How much assets does State Street manage as of June 30, 2021?

As of June 30, 2021, State Street manages $3.9 trillion in assets.

Where can I find State Street's 2021 resolution plan?

The public section of State Street's 2021 resolution plan can be found on their Investor Relations website.