State Street Bank and Trust Company
From Wikipedia, the free encyclopedia
The State Street Bank and Trust Company is a bank. It was a subsidiary of the State Street Corporation, until it sold off the retail banking portion of this unit in 1999 to Citizens Financial Group (a subsidiary of the Royal Bank of Scotland), of Providence, Rhode Island. The retail banking and commercial lending units were sold for $350 million.
[edit] History
State Street is providing reconciliation services to investment banks with the help of Syntel.
State Street Syntel Sourcing Private Limited (SSSPL) is a joint venture entity that executes recociliation for investment banks worldwide.
In 1999, State Street Bank and Trust Company had four branches and just over $1 billion in assets.
[edit] Historical Data
 Asset & Liability |
 Asset/Liability Ratio |
 Net Income |
State Street Bank and Trust Company was the tenth largest bank at the end of 2008 as an individual bank. (Not including subsidiaries)
[edit] See also
- State Street Bank v. Signature Financial Group (1998 U.S. patent law decision)
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