State Street Corporation is one of the world’s largest global financial services companies, with $1.7 trillion in assets under management as of September 30, 2008. The company has offices in major financial centers around the world, with nearly 29,000 worldwide employees, and its headquarters is in Boston, Massachusetts.
State Street was one of the first companies to sign up for the Treasury Department’s Capital Purchase Program, and received $2 billion in exchange for 20,000 shares of its preferred stock on October 28, 2008. The company returned the funds in full on June 9, 2009.
Resources
Bank Bio Chart | Financial Documents | Federal contracts
Lobbying reports | Political Contributions | Related Articles
Bailout Bank Bio: State Street Corporation
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Federal Equity Investment |
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Total Revenue |
$11.82 billion (2007) |
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Net Income |
$1.26 billion (2007) |
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Number of Employees |
27,110 |
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Corporate Headquarters |
Boston, Massachusetts |
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Business Sector |
Financial Services |
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Officers and Directors |
Logue, Ronald, Chairman of the Board, Chief Executive Officer |
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Corporate Website |
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Executive Compensation |
2007 State Street Annual Report
USAspending.gov (last accessed 03/30/2009)
Capitol Tax Partners, LLP | State Street Corporation
Center for Responsive Politics (last accessed 01/27/2009)
October 27, 2008 State Street to receive $2B Treasury investment Boston Business Journal
October 3, 2008 Treasury hires State Street and Barclays to manage MBS buys MarketWatch
Last Updated March 13, 2009
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