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Chairwoman waters ranking member McHenry and members of the committee thank you for inviting me to testify today your work is important to the. Country I was honored to be entrusted to state to become State Street CEO on January 1st of this year State Street has been headquartered in Boston Massachusetts in 1792 and today has two main lines of business investment servicing and investment management our clients are large global institutional investors such as pension funds mutual. Funds central bank's sovereign wealth funds endowments and foundations and insurance companies we operate in 29 countries with over 40,000 employees 16,000 of them in the United States last year more. Than 40% of our revenues came from outside the United States our purpose is to create better outcomes for the world's investors and the people they serve unlike many other major banks State Street does not serve retail customers directly with traditional commercial or retail. Banking or provide services like mortgages credit cards or other. Consumer credit we also do not engage. In investment banking activities still we never lose sight of the people we are ultimately helping those saving for retirement a house or a college education researchers trying to find answers to society's biggest challenges or governments looking to build or improve their country's infrastructure our servicing business includes keeping. Track of investments often referred to as back office operations we play an important role in the overall infrastructure of financial markets for example the safekeeping and custody. Of assets we also provide those same institutional investors related services such as foreign exchange brokerage and other agency trading services securities finance and deposit and short-term investment facilities within our investment management business we provide pension funds and other institutional investors with a full range of investment strategies including index. Based and exchange-traded funds more than ten years after the financial crisis I believe the financial system in the United States is safer and more resilient this is largely due to strengthened regulations and greater transparency overall and is also due to the bold action taken by the. Congress to stabilize the financial system or giant State Street were very grateful you.

 


State Street Corporation Company News

Tue, 23 Apr 2019 07:00:00 GMT
State Street Corporation (STT) CEO Ron O'Hanley on Q1 2019 Results - Earnings Call Transcript - Seeking Alpha
State Street Corporation (STT) CEO Ron O'Hanley on Q1 2019 Results - Earnings Call Transcript Seeking Alpha State Street Corporation (NYSE:STT) Q1 2019 Earnings Conference Call April 23, 2019 10:00 AM ET Company Participants Ilene Fiszel Bieler - Global Head of ...
Tue, 23 Apr 2019 07:00:00 GMT
State Street sticks to hiring freeze as revenue, profits fall - Boston Business Journal
State Street sticks to hiring freeze as revenue, profits fall Boston Business Journal State Street Corp. on Tuesday reported year-over-year decreases in revenue and profits, with executives saying a hiring freeze remained in effect and ...
Wed, 10 Apr 2019 07:00:00 GMT
State Street CEO delivers his opening statement to the House Financial Services Committee - CNBC
State Street CEO delivers his opening statement to the House Financial Services Committee CNBC The CEOs of America's largest banks testify on Capitol Hill about how the industry has transformed in the 10 years following the financial crisis. State Street ...
Mon, 22 Apr 2019 07:00:00 GMT
State Street Q1 2019 Earnings Preview - Seeking Alpha
State Street Q1 2019 Earnings Preview Seeking Alpha State Street (NYSE:STT) is scheduled to announce Q1 earnings results on Tuesday, April 23rd, before market open. The consensus EPS Estimate is $1.21 ...
Mon, 06 May 2019 21:30:00 GMT
Substantial Unlocked Value In State Street Corporation (STT), Bank of America Corporation (BAC) - GV Times
Substantial Unlocked Value In State Street Corporation (STT), Bank of America Corporation (BAC) GV Times 10 analysts out of 21 Wall Street brokerage firms rate State Street Corporation (NYSE:STT) as a Buy, while 1 see it as a Sell. The rest 10 describe it as a Hold.
Thu, 09 May 2019 10:32:00 GMT
Investors expect lowe earnings growth on State Street Corporation (STT) - Wall Street Morning
Investors expect lowe earnings growth on State Street Corporation (STT) Wall Street Morning State Street Corporation (STT) the traded price of the stock is downswing on trade volume of 1.57 million in last Session. The clocking price of the share is ...
Tue, 07 May 2019 04:12:00 GMT
Recent Movement: State Street Corporation (NYSE: STT) - TNN
Recent Movement: State Street Corporation (NYSE: STT) TNN State Street Corporation is in the financial services sector and is in the asset management industry. The company CEO is Ronald P. O'Hanley. State Street ...
Thu, 09 May 2019 15:46:00 GMT
Canterbury Investment Management - ETF Trends
Canterbury Investment Management ETF Trends By Canterbury Investment Management “As a portfolio and risk manager, I decided that there had to be a better way… Thomas L. Hardin, CMT, CFP®. Managing ...
Thu, 09 May 2019 17:11:00 GMT
State Street Corporation (NYSE:STT): Average Broker Recommendation Watch on These Shares - Osburn Oracle
State Street Corporation (NYSE:STT): Average Broker Recommendation Watch on These Shares Osburn Oracle Wall Street analysts have the ability to provide stock ratings for companies that they track. Based on analysts used by Zacks Research, the present average.
Thu, 09 May 2019 14:51:54 GMT
State Street Corp (STT) Sees Schaff Trend Cycle Trend Downward Near-Term - Williams Review
State Street Corp (STT) Sees Schaff Trend Cycle Trend Downward Near-Term Williams Review State Street Corp (STT) are in trader's focus this week as the Schaff Trend Cycle indicator has trending lower consistently over the past week. Investors will be ...