What exactly does State Street do?
State Street Corporation is an iconic financial services holding company and global custodian bank that provides institutional asset management, investment servicing, trading, and research solutions to the world's most sophisticated institutional investors, pension funds, mutual fund sponsors, and corporate clients. As one of the largest asset custodians globally, State Street safekeeps and administers trillions of dollars in securities, handling complex cross-border trade settlements, fund accounting, and regulatory reporting tasks. Additionally, through its asset management division, State Street Global Advisors, the firm creates and manages an extensive suite of popular investment vehicles, including the foundational family of Standard & Poor's depositary receipt exchange-traded funds that track major equity and fixed-income market indices.
Related FAQs
State Street Corporation is widely classified and regulated as a bank holding company, operating its principal subsidiary, State Street Bank and Trust Company, under formal banking charters.
State Street Corporation is a quintessential United States financial enterprise headquartered in Boston, Massachusetts.
State Street Bank and Trust Company is an entirely legitimate, systemically important financial institution subject to rigorous regulatory oversight by the Federal Reserve, the Federal Deposit Insurance Corporation, and other major international fina...
State Street Bank and Trust Company is the primary banking subsidiary of State Street Corporation, an American financial services holding company headquartered in Boston, Massachusetts.