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, RI. The retail banking and commercial lending units were sold for $350 million.
State Street is providing reconciliation services to investment banks with the help of Syntel Inc.
Syntel souring private limited is the new entity as a joint venture with State Street execute recociliation to the various investment banks world wide.
In 1999, State Street Bank and Trust Company had four branches and just over $1 billion in assets.
[edit] See also
- State Street Bank v. Signature Financial Group (1998 U.S. patent law decision)
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