State Street Corporation is a financial services holding company.
The company traces its roots back to the 1972 founding of Union Bank, the third bank to be chartered in Boston. After the charter the bank changed its name to National Union Bank of Boston.
State Street Deposit & Trust Co. opened alongside National Union in 1891 and later became the custodian of the first mutual fund in 1924, The National Investors Trust.
State Street Deposit & Trust Co. and National Union merged in 1955.
Today State Street provides investment management and servicing, trading, and research services, including trust and custody, fund accounting, foreign exchange, shareholder services, and other services for institutional clients.
State Street is publicly traded on the New York Stock Exchange under the symbol STT, is a member of the S&P 500, is #249 in the Fortune 500, has 30,000 employees, and had $9.93 billion in revenue in 2013.
State Street Corporation
State Street Corporation is a financial services holding company.
The company traces its roots back to the 1972 founding of Union Bank, the third bank to be chartered in Boston. After the charter the bank changed its name to National Union Bank of Boston.
State Street Deposit & Trust Co. opened alongside National Union in 1891 and later became the custodian of the first mutual fund in 1924, The National Investors Trust.
History
State Street Deposit & Trust Co. and National Union merged in 1955.
Today State Street provides investment management and servicing, trading, and research services, including trust and custody, fund accounting, foreign exchange, shareholder services, and other services for institutional clients.
State Street is publicly traded on the New York Stock Exchange under the symbol STT, is a member of the S&P 500, is #249 in the Fortune 500, has 30,000 employees, and had $9.93 billion in revenue in 2013.
