Items Tagged with 'State Street'

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  • MetLife and State Street shake hands to launch $2 billion CRE lending initiative

    MetLife will originate and service $2 billion in commercial mortgage loans for State Street
    MetLife Investment Management, an institutional asset management platform for MetLife and State Street Corp. inked a multi-year agreement which will allow MetLife Investment Management and its affiliates to originate and service up to $2 billion in commercial mortgage loans for State Street and its affiliates.
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  • Five major banks fail bailout test, would need taxpayer money in crisis

    Bank of America, JPMorgan Chase, Wells Fargo, others must improve 'living wills'
    Five of the nation’s largest banks are not prepared for a financial crisis and would need taxpayer bailouts, the Board of Governors of the Federal Reserve System and the Board of Directors of the Federal Deposit Insurance Corporation announced Wednesday.
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  • Fed proposes new bailout rules for biggest banks

    Would be required to carry $120 billion in debt to reduce taxpayer burden
    Eight of the country’s largest banks would be required to raise $120 billion to comply with a new rule proposed Friday by the Federal Reserve Board, with the money designated to recapitalize the bank should it fail, lessening the likelihood of a a government bailout.
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  • Homebuying in a pass-through economy

    So far, this earnings season is a welcome event on Wall Street because of some much needed market stability. Many companies are reporting an improving corporate environment despite the sluggish growth in the broader economic recovery. Corporate America is working in a different kind of economy. And State Street Corp. [stock STT][/stock] is a perfect example.
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  • State Street May Face Suit on Securities

    [Update 1] Financial service provider State Street [stock STT][/stock] may face civil charges over certain fixed-income strategies used by its institutional asset management business in 2007. The company said in a Securities and Exchange Commission (SEC) filing Monday that it had received a so-called "Wells" notice from the SEC staff. A Wells notice indicates the SEC's intention to bring civil enforcement action over possible violations of securities laws.
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