State Street Announces Recovery and Resolution Plan for 2017
July 05 2017 - 4:34PM
Business Wire
State Street Corporation (NYSE:STT) today announced that it has
filed its 2017 resolution plan.
State Street, along with other banking institutions with $50
billion or more in total assets, periodically prepares and files
its resolution plan, commonly referred to as a “living will,” with
the Board of Governors of the Federal Reserve System and the
Federal Deposit Insurance Corporation. The resolution plan details
State Street’s efforts to enhance resolvability across its business
in line with 2017 regulatory guidance. The Public Section of State
Street’s resolution plan can be found in the Investor Relations
section of its website, at http://investors.statestreet.com/.
About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world's
leading providers of financial services to institutional investors,
including investment servicing, investment management and
investment research and trading. With $29.8 trillion in assets
under custody and administration and $2.6 trillion* in assets under
management as of March 31, 2017, State Street operates in more than
100 geographic markets worldwide, including the US, Canada, Europe,
the Middle East and Asia. For more information, visit State
Street’s website at www.statestreet.com.
* Assets under management include approximately $33 billion as
of March 31, 2017, for which State Street Global Markets, LLC, an
affiliate of SSGA, serves as the distribution agent.
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State Street CorporationAnthony Ostler, +1 617-664-3477orCarolyn
Cichon, +1 617-664-8672
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