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Highlights

A collection of news and information related to State Street Corporation published by this site and its partners.

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    Mar 17, 2011 | Los Angeles Times

  1. Time for banks to resume shareholder dividends?

    Money & Company
    Several big banks familiar on the California retail scene -- including Wells Fargo, Chase and US Bank -- may soon be deemed strong enough to pay out more of their profits to shareholders. It will be interesting to see how......
    2. Aug 13, 2010 | Los Angeles Times

  2. Despite controversies, OneUnited chief executive hopes to raise private equity

    Money & Company
    The bank involved in the Maxine Waters ethics case says it's the leading Internet and interstate bank for black Americans, although its chairman's past run-ins with the law and denials of wrongdoing have made news for other reasons this week.......
    3. Apr 25, 2006 |Story| Los Angeles Times

  3. Unions' Advice Is Failing Teachers

    Second-grade teacher Crystal Mendez was in the staff lunchroom at 42nd Street Elementary in the Crenshaw district when an investment broker introduced herself and started talking up a retirement plan.
    Times Staff Writer
    Second-grade teacher Crystal Mendez was in the staff lunchroom at 42nd Street Elementary in the Crenshaw district when an investment broker introduced herself and started talking up a retirement plan. Mendez, fresh out of college, thought she could trust...

    Tags: Teaching and Learning, Career and Workplace, Minority Groups, T. Rowe Price, Finance

    4. Apr 11, 2011 | Chicago Tribune

  4. Elmhurst Mayor Appoints Four New Members to Expanded Economic Development Commission

    TribLocal - Elmhurst
    ELMHURST, IL, April 8, 2011 – Elmhurst Mayor Peter P. “Pete” DiCianni recently appointed four residents with business experience to expand the Elmhurst Economic Development …...
    5. Jan 28, 2009 |Story| WXIN-LTV

  5. Stocks jump on reports of White House bank plan

    The Standard & Poor's 500 index, a benchmark for the overall stock market, rose for the fourth straight session. It hasn't closed higher four straight days in two months. The Dow Jones industrial average rose more than 130 points. Investors have been...

    Tags: Federal Reserve, Metal and Mineral, American Express Company, Financial Markets, Consumer Confidence

    6. Feb 11, 2009 |Blog| Chicago Tribune

  6. Bankers say they 'get it' on bailout

    The Swamp
    by Frank James Vikram Pandit, Citigroup's chief executive officer, is really, really sorry his company was going to buy that French-made private jet and it won't happen again. Pandit told lawmakers at a House hearing today: Mr. Chairman, the......

    Tags: Barney Frank, Corporate Officers, Loans, Citigroup Incorporated, Credit and Debt

    7. Oct 20, 2009 |Story| Los Angeles Times

  7. California Sues Bank, Alleging Fraud Against State's 2 Largest Pension Funds

    California sued State Street Bank and Trust today for allegedly committing "unconscionable fraud" against the state's two largest public pension funds, and seeks more than $200 million in overcharges and penalties.
    Los Angeles Times Staff Writer
    California sued State Street Bank and Trust today for allegedly committing "unconscionable fraud" against the state's two largest public pension funds, and seeks more than $200 million in overcharges and penalties. Atty. Gen. Jerry Brown contends that...

    Tags: Interior Policy, Crimes, Jerry Brown, Career and Workplace, Finance

    8. May 7, 2009 |Story| KCPQ-LTV

  8. Stress Tests Show Biggest Banks Still Need Money

    WASHINGTON (AP) - Some of the nation's biggest banks don't have enough money to survive a deep recession. That's what the preliminary findings from the Treasury Department "stress tests" show. The official report will be released Thursday afternoon.
    Angela King and Associated Press
    WASHINGTON (AP) - Some of the nation's biggest banks don't have enough money to survive a deep recession. That's what the preliminary findings from the Treasury Department "stress tests" show. The official report will be released Thursday afternoon....

    Tags: Newspaper and Magazine, American Express Company, Finance, Economy, Business and Finance, Financial and Business Services

    9. May 11, 2009 |Story| WGHP

  9. BB&T Plans Stock Offering to Repay Government Funds

    KeyCorp, which is among 10 major banks ordered by the government to raise more capital as a buffer against future losses, joined several other banks Monday in announcing public stock offerings.
    AP Business Writer
    KeyCorp, which is among 10 major banks ordered by the government to raise more capital as a buffer against future losses, joined several other banks Monday in announcing public stock offerings. The offerings put pressure on financial shares, but...

    Tags: BB&T Corp., Citigroup Incorporated, American Express Company, Finance, Economy, Business and Finance

    10. Jun 9, 2009 |Story| Los Angeles Times

  10. Ten Banks Get Approval To Repay Bailout Money

    The Obama administration today announced it has given approval to 10 of the nation's largest banks to repay $68 billion in government bailout money they have received to stabilize the financial system.
    Los Angeles Times Staff Writer
    The Obama administration today announced it has given approval to 10 of the nation's largest banks to repay $68 billion in government bailout money they have received to stabilize the financial system. "These repayments are an encouraging sign of...

    Tags: Federal Reserve, American Express Company, Finance, Economy, Business and Finance, U.S. Department of the Treasury

    11. Jun 9, 2009 |Story| Associated Press
  11. |Story

    Tags: Federal Reserve, American Express Company, Financial Markets, Career and Workplace, Finance

    12. May 7, 2009 |Story| KSTU

  12. Stress Tests Find 10 Big Banks Need $75b More

    The government's long-awaited "stress-test" results show the financial system, like the overall economy, is healing but not yet healed. Ten of the nation's 19 largest banks need a total of about $75 billion in new capital to withstand losses in case the recession gets worse, according to the Federal Reserve's findings, released Thursday. The Fed said losses for all 19 banks could reach $600 billion. Some of the largest banks are stable, the tests found. Others need billions more in capital. Government officials have said a stronger banking system is needed for an economic rebound.
    DANIEL WAGNER and JEANNINE AVERSA
    The government's long-awaited "stress-test" results show the financial system, like the overall economy, is healing but not yet healed. Ten of the nation's 19 largest banks need a total of about $75 billion in new capital to withstand losses in case the...

    Tags: Federal Reserve, American Express Company, Consumer Confidence, Finance, Economy, Business and Finance

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