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It offers research, The company traces its roots to Union Bank, which received a charter in 1792 from State Street Deposit & Trust Co opened in 1891. State Street is ranked 15th on the list of largest banks in the United Statesby assets. S&P, ITS CLIENT, AND ANY OTHER PROVIDERS OF THE INFORMATION EXPRESSLY DISCLAIM ALL WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION ANY WARRANTY OF ACCURACY, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON-INFRINGEMENT. User activity is recorded and monitored by system personnel. the dissemination, through a third party, of any of your personal 2008, State Street Corporation - All Rights Reserved State Street 2016 Investor Day Presentation: 02/24/16: Q4 2015 Financial Highlights Presentation: 01/27/16: 2015 Goldman Sachs U.S. Financial Services Conference: 12/08/15: Bank of America Merrill Lynch Banking and Financial Services Conference 2015 Presentation: 11/17/15: Q3 2015 Financial Highlights Presentation: 10/23/15 It became the custodian of the first U.S. mutual fund in 1924, the Massachusetts Investors Trust (now The company merged with Second National Bank in 1955 and with the Rockland-Atlas National Bank in 1961.In 1966, the company completed construction of the In 1972, the company opened its first international office in In 1975, William Edgerly became president and chief executive officer of the bank and shifted the company's strategy from commercial banking to investments and securities processing.During the 1980s and 1990s, the company opened offices in By 1992, most of State Street's revenue came from fees for holding securities, settling trades, keeping records, and performing accounting.In 1995, State Street acquired Investors Fiduciary Trust of In 1999, State Street sold its retail and commercial banking businesses to In 1990, State Street Bank Luxembourg was founded, and as of 2018In 2003, the company acquired the securities services division of In 2010, the company acquired Mourant International Finance Administration.In November 2011, the company was named as amongst the world's 29 systemic banks.In November 2014, the company sold SSARIS Advisors, its In 2016, State Street launched a program called Beacon, focused on cutting costs and improving reporting technology.In 2017, the company announced that Jay Hooley, the chief executive officer of the company, would retire.In 2018, State Street completed its acquisition of Charles River Development, a In January 2019, State Street announced that it planned to lay off 1,500 employees, increasing the number to 2,300 in July.On February 28, 2012, State Street Global Advisors entered into a consent order with the During the May 2012 annual shareholders meeting, chairman and chief executive Jay Hooley was shouted down on numerous occasions by protesters in relation to the outsourcing and other grievances.On January 18, 2017, State Street agreed to pay $64.6 million to resolve U.S. investigations into what prosecutors said was a scheme to defraud six clients through secret commissions on billions of dollars of trades.In 2018 former employee of State Street, Edward Pennings was sentenced to six months in prison for his role in the scheme.In March 2017, State Street Global Advisors commissioned a statue called Ex-State Street exec gets six months in prison for defrauding clients
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