State Street pays departing CEO $5.4 million cash

2010-03-03T15:45:09Z

<div><p>BOSTON (Reuters) - Directors of State Street Corp <STT.N> paid departing Chief Executive Ronald Logue $5.4 million as the cash portion of his incentive compensation for last year, the company said in a securities filing on Wednesday.</p><p>Half the cash will be in deferred payments to Logue, said financial giant Theo Fleury signs copies of his new book 'Playing With Fire' at Borders on State Street Chicago, Illinois - 22.01.10

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Retail Sales

2010-01-07T05:46:05Z

FILE - In this Dec. 19, 2009 file photo, shoppers walk outside Macy's along State Street in Chicago. The nation's retailers are reporting signs of life in December sales figures that show modest holiday gains.(AP Photo/Jim Prisching)

Fitch lifts some of State Street's ratings

2010-02-23T12:30:42Z

<div id="subtitle">Fitch boosts some of State Street's ratings, says company has worked to improve capital</div><div><p>Fitch Ratings boosted some ratings of State Street Corp. on Tuesday, as the financial services provider has worked to improve its capital and bolster its liquidity.</p><p&...

State Street to buy Intesa business for $1.87B

2010-02-23T12:37:25Z

<div id="subtitle">State Street to buy Intesa's securities services business for about $1.87 billion</div><div><p>State Street Corp. said Tuesday that it will buy the securities services business of Italian banking group Intesa Sanpaolo for about $1.87 billion in cash.</p>&lt...

Holiday Shopping

2009-12-20T12:16:40Z

In this photo made Dec. 19, 2009, shoppers walk outside Macy's along State Street in Chicago. Retailers head into the home stretch this week hoping pent-up demand will give them one last gift before Christmas. (AP Photo/Jim Prisching)

State Street sets quarterly dividend of a penny

2010-02-23T14:09:45Z

<div id="subtitle">State Street declares regular quarterly dividend of a penny, payable Jan. 19</div><div><p>State Street Corp. said its board declared a regular quarterly dividend of a penny.</p><p>The Boston-based financial services provider said the dividend is payable Jan. 19 to sharehol...

State Street inks Morgan Stanley outsourcing deal

2010-02-23T22:58:38Z

<div id="subtitle">Morgan Stanley Investment Management inks State Street to handle processing, absorb 100 staff</div><div><p>State Street Corp. will absorb 100 employees from Morgan Stanley Investment Management as part of a deal announced Monday to provide s...

CNBC: Pimping for State Street Bank?

2010-02-24T15:44:54Z

<div id="subtitle">Guest Opinion</div><div><p>If street thugs were to hold up a convenience store and drive off with $1 million, it would be national news. But when a venerable Boston bank rips off California's two largest pension funds for $56 million, it's business-as-usual -- at least to the anchors of Reuters) - California Public Employees' Retirement System, knew it was paying uncompetitive rates on foreign-exchange trades as early as 2003, the Wall Street Journal said, citing a consultant wh...

State Street adds $250 million to legal reserve

2010-02-24T09:03:48Z

<div id="subtitle">State Street adds $250M to legal reserve to cover claims from 2007; revises 3Q results down</div><div><p>State Street Corp. on Friday said it added $250 million to a legal reserve, and revised its third-quarter earnings results downward to reflect the change.</p><p>The financial services firm kept its 2009 forecast,...

JERRY BROWN'S CRUSADE

2010-02-24T12:10:16Z

<div><h1>JERRY BROWN'S CRUSADE </h1><p>Back in the day, Jerry Brown was known as "Governor Moonbeam" for his New-Age ways, but he was always hard-nosed when the occasion required. On Oct. 20, in his present incarnation as California Attorney General, he said he had filed ...

newt gingrich

2009-10-28T11:01:45Z

Newt Gingrich Discussion and Signing for his new book 'To Try Men's Souls' at Borders Books store on State Street Chicago, USA - 27.10.09

State Street CEO Logue to retire in March

2010-02-24T15:34:05Z

<div id="subtitle">State Street's Logue to step down as CEO in March, Jay Hooley to be promoted to top job</div><div><p>State Street Corp. said Thursday that Chairman and CEO Ronald Logue will retire in March under a succession plan that will promote Presi...

California sues State Street over pension funds

2010-02-24T16:42:42Z

<div><p>NEW YORK (Reuters) - California's attorney general sued State Street Corp &lt;STT.N&gt; on Tuesday for committing an "unconscionable fraud" against the state's largest pension funds and is seeking to recover more than $200 million in alleged illegal ...

Calif. sues bank, alleges more than $200M in fraud

2010-02-24T16:59:40Z

<div id="subtitle">Calif. sues State Street Bank alleging firm overcharged state retirement funds by $200M</div><div><p>California Attorney General Jerry Brown accused ...

Next stock market panic has arrived

2010-02-25T21:42:19Z

<div id="subtitle">One simple way you won’t lose big and still profit</div><div><p>We’re in the midst of the next stock market panic and no one is paying attention. </p><p>Worst of all, it will be the type of panic that will take more folks by surprise and, in the end, will turn out to be more costly to most investors than last fall’s market sell-off. </p><p>It’s the most dangerous kin...

State Street's legal reserve may not be enough

2010-02-25T22:02:51Z

<div id="subtitle">State Street says reserve for fixed-income investment claims, penalties may be insufficient</div><div><p>State Street Corp. says a legal reserve of about $625 million it established two years ago may not be enough to cover claims and potential penalties related to fixed-income investments that included subprime mortgages.</p>&...

State Street says legal reserve may not be enough

2010-02-25T22:09:57Z

<div><p>BOSTON (Reuters) - State Street Corp &lt;STT.N&gt;, one of the world's biggest institutional investors, said on Monday it may not have set aside enough money to cover fees and penalties linked to lawsuits and investigations by regulators into risky investments.</p><p>Two ye...

US House targets Wall Street pay packages

2010-02-26T02:00:43Z

<div><p>The US House of Representatives on Friday passed legislation aimed at curbing Wall Street pay packages, amid deep public outrage over lavish compensation at firms bailed out by the US government.</p><p>Lawmakers approved the bill by a...

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