State Street Bank and Trust Company: Difference between revisions
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'''State Street Bank and Trust Company''' or simply '''State Street''' is a [[custodian bank]] organized as a Massachusetts [[trust company]] specializing in services to [[mutual fund]]s and their advisers, [[collective investment fund]]s, corporate and public [[pension fund]]s, [[insurance]] companies, operating companies and [[non-profit organizations]]. It is a subsidiary of the [[State Street Corporation]], and used to also provide [[retail banking]] and commercial lending products until it sold off that division 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. |
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State Street, and its sister company [[State Street Global Advisors]] ('''SSgA'''), which is a leading [[registered investment advisor]], together comprise the principal operating companies within parent company [[State Street Corporation]]. |
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Revision as of 21:14, 10 October 2011
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