State Street: No Exposure To Peripheral Europe Sovereign Debt
January 18 2012 - 10:37AM
Dow Jones News
State Street Corp. (STT) currently has no exposure to peripheral
European countries' sovereign debt in its investment portfolio, the
firm said Wednesday.
U.S. financial institutions have been keeping their distance
from debt-laden European countries like Greece in recent months, as
the euro-zone sovereign debt crisis escalated and the region's
policymakers struggled to reach a definitive solution.
State Street's investment portfolio has no exposure to
government debt of Greece, Portugal, Ireland, Spain or Italy, the
firm said in its fourth-quarter earnings conference call
Wednesday.
The portfolio also doesn't hold government debt of triple-A
rated Germany, or of France or Belgium.
-By Erin McCarthy, Dow Jones Newswires; 212-416-2712;
erin.mccarthy@dowjones.com @djfxtrader
--Prabha Natarajan and Ian Talley contributed to this
article.
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