state street

Fourth-quarter 2010 earnings season ramps up this week. Analysts expect strong results from some big corporate names. And on the heels of last week's big earnings beat from JPMorgan Chase, the financial sector will have plenty more results to peruse this week.

State Street Corp. (STT) plans to cut 1,400 jobs and reduce real estate costs as near zero interest rates eat into profit. The job cuts represent about 5% of the bank's workforce, Bloomberg News said. The measures should save the company as much as $625 million a year by the end of 2014. State...

It looks like no-commission trades for exchange-traded funds are here to stay. Several of the largest ETF brokerages -- including iShares, Invesco Powershares and Charles Schwab -- say they don't plan to charge commission anytime soon.

The major averages rallied sharply Wednesday with the blue-chip Dow closing up 274 points, fueled by a rosier earnings forecast from money manager State Street Corp. and anticipation of strong monthly retail sales reports on Thursday.

Providers of exchange-traded funds and notes had a strong 2009 and the new year is shaping up to bring more of the same. But what's good for ETF companies isn't necessarily good for investors.

Nowhere are the rights of shareholders more disrespected than at publicly traded investment banks. Wall Street amply demonstrates that the interests of mutual funds and other institutional investors are hardly at the top of their list of concerns. These banks still think of themselves as private...

California Attorney General Jerry Brown is suing State Street Bank and Trust (SST), seeking $200 million in damages for allegedly defrauding the state's giant pension funds. "Over a period of eight years, State Street bankers committed unconscionable fraud by misappropriating millions of dollars...

It appears that State Street (STT) is the next bank to jump on the payback bandwagon. This morning, the company announced that it plans to sell $1.5 billion of stock in order to help repay government bailout funds. In addition, STT took a $3.7 billion charge to move asset-backed commercial paper...

Now that regulators have completed their examination of financial institutions' balance sheets, the banks that received passing grades are working furiously to return the capital infusions they received from the Treasury Department's $700 billion bailout fund last fall. Nine financial...

While every bank that took money from the government through TARP would like to get the government off their backs, some actually have plans in the works. The only question left is who will be first. The bank that's made the loudest noises since February is Goldman Sachs (GS). It even raised $5...