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

 

Federal Equity Investment

$2 billion

Total Revenue

$11.82 billion (2007)
$12.98 billion (2008)

Net Income

$1.26 billion (2007)
$1.81 billion (2008)

Number of Employees

27,110

Corporate Headquarters

Boston, Massachusetts

Business Sector

Financial Services

Officers and Directors

Logue, Ronald, Chairman of the Board, Chief Executive Officer

Other Officers and Directors

Corporate Website

http://www.statestreet.com/

Executive Compensation

State Street Corporation

►Financial Documents

2008-10-31State Street 8K

2008-09-30 State Street 10Q

2008 State Street Proxy

2007 State Street Annual Report

2007 State Street 10K

Federal contracts

USAspending.gov (last accessed 03/30/2009)

Lobbying reports (if any)

Third Quarter 2008

Capitol Tax Partners, LLP | State Street Corporation

Political Contributions

Center for Responsive Politics (last accessed 01/27/2009)

State Street Bank & Trust

State Street Corp

Related Articles

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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