State Street News

Asian stocks dropped and the euro fell toward its lowest level in almost two years as Spanish borrowing costs rose and China damped speculation of large-scale stimulus to revive economic growth.

Ratings firm Moody's is no fan of the unusually large junk-bond trade we highlighted on this blog a few weeks back.

If ETFs were states, traditional, passively-managed long equity and bond ETFs would be Texas.

The Boston Transportation Department would like to inform motorists to expect delays and traffic congestion on Sunday, May 27, 2012, due to the annual Run to Remember that will be taking place in the City.

State Street Corp Chairman Jay Hooley has sent a not-so-subtle message to European banks: He's ready to buy their custody and trust operations.

Catherine Bruno, VP and CIO of non-profit Eastern Maine Healthcare Systems and Chris Perretta, EVP and CIO of State Street Corporation were officially announced as winners of the prestigious award during a special ceremony at the Symposium on May 22, 2012.

The big junk-bond trade that turned heads a few weeks back may not be so unusual after all, except for its large size.

The exchange-traded fund industry is a business of scale these days: BlackRock's iShares , State Street and Vanguard Group A together enjoy about three-quarters of all ETF assets.

A number of other firms have also recently commented on STT. Analysts at ISI Group raised their price target on shares of State Street from $50.00 to $51.00 in a research note to investors on Wednesday, April 18th.

Market check: Spain banks shrugged off a credit downgrade last night, "confirming again that when rating agencies act its old news," writes Miller Tabak's Peter Boockvar .

The biggest trades on record in shares of two exchange-traded funds that invest in junk debt are attracting attention to the four-year-old market that allows anyone from banks to retirees fast and discreet access to speculative-grade bonds and loans.

It's been a rough couple of months in London boardrooms, as directors and executives of major UK companies have had to defend pay plans amid carnivalesque public protests and unusual shareholder votes at their annual meetings.

Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography.

MaryLee Halpin, a South End resident experienced in both corporate and nonprofit work, will assume the position of executive director of the Beacon Hill Civic Association on June 1. With her life-long roots in Boston and relevant professional and volunteer experiences, MaryLee will bring great talent to the BHCA, said President Steve Young when ... (more)

With much excitement, Chef Bill Brodsky, formerly of Wequassett Resort and Golf Club in Harwich, MA, announced that he will open his first Boston restaurant, City Landing, this July.

One Faneuil Hall, the eight-story retail/office building in Boston, has been sold to a foreign investor for $40 million.

New London - A Bank of America branch in an imposing downtown building at 250 State St.

A U.S. judge in Boston has denied a motion by State Street Corp to dismiss claims that the custody bank overcharged an Arkansas pension fund on its foreign currency trades.

Commonwealth Ventures, the Connecticut company that sold the GTECH headquarters building in Providence, has filed plans with the Boston Redevelopment Authority for an 11-story office building in the Seaport District, renamed the Innovation District by Boston Mayor Thomas Menino.

International Financial Data Services , the international transfer agency joint venture between State Street Corporation and DST Systems, Inc., announced today that it has successfully completed the conversion and outsourcing of the GLG UK regulated fund range.