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Reclaim Boston’s Brand with Big Changes to Historic Area

by Malia Lazu | Sep 8, 2024

Revolutionary Spaces is taking a fresh look at how we tell stories about Boston’s past. Local executives have a chance to be part of building a bridge to a more inclusive telling of American history.

Personnel File – No. 356

by Banker & Tradesman | Jan 8, 2024

Who’s on the move? From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s The Personnel File.

State Street Announces Layoffs in IT Department

by Diane McLaughlin | Sep 16, 2019

State Street Bank laid off 250 employees who work in the information technology department. The layoffs were part of a previously announced plan to trim headcount by 2,300.

State Street to Pay Nearly $54M to Resolve Overcharge Allegations

by Banker & Tradesman | Jun 28, 2019

State Street will pay nearly $54 million in restitution and penalties to resolve allegations that the company overcharged many clients for certain services that were supposed to be billed on an “out-of-pocket” basis.

Banker & Tradesman’s Editorial Cartoon: North and South Stations, Worlds Apart

by Peter Paul Payack | Feb 10, 2019

When your office moves a few blocks north, you cross an invisible line that pulls you to the North Shore.

Hot Property: Bulfinch Crossing’s One Congress Tower

by Steve Adams | Feb 3, 2019

The open format layout of the office tower will enable State Street Corp. to lower its occupancy costs as approximately 2,500 employees relocate from the One Lincoln tower on the edge of the Financial District. 

State Street to Cut 1.5K Jobs, Institute Hiring Freeze

by Bram Berkowitz | Jan 21, 2019

Layoffs at State Street Corp. appear to be worse than initially anticipated.

State Street to Lay Off 15 Percent of Senior Management

by Bram Berkowitz | Jan 10, 2019

State Street Corp. is preparing to get rid of a large chunk of its senior management.

Former State Street Executive Sentenced for Secret Trading Commissions Scheme

by Banker & Tradesman | Nov 15, 2018

A former senior managing director of State Street Corp. was sentenced yesterday in federal court in Boston in connection with engaging in a scheme to defraud at least six of the bank’s clients through secret commissions applied to billions of dollars of securities trades.

Former State Street Executive Sentenced for Scheme to Defraud Clients

by Banker & Tradesman | Oct 17, 2018

A former executive vice president of State Street Corporation was sentenced yesterday in federal court in Boston in connection with engaging in a scheme to defraud at least six of the bank’s clients through secret commissions applied to billions of dollars of securities trades. 

State Street Leaps Ahead in Market Deposit Share in MA

by Bram Berkowitz | Oct 16, 2018

State Street Bank and Trust Company broke away from the pack this year, adding a huge amount of assets to its business to grab a commanding lead in market deposit share in Massachusetts.

State Street’s Shares Fall Following Acquisition

by Bram Berkowitz | Jul 23, 2018

State Street Corp.’s purchase of Charles River Development caused shares to slide Friday, as investors questioned the firm’s plan to complete the acquisition as well as the price tag.

Former State Street Executive Convicted in Secret Trading Commissions Scheme

by Banker & Tradesman | Jun 27, 2018

A former executive vice president of State Street Corp. was convicted yesterday by a federal jury in Boston in connection with engaging in a scheme to defraud at least six of the bank’s clients through secret commissions applied to billions of dollars of securities trades.

Financial Giants Weigh Office Space Decisions

by Steve Adams | Jun 17, 2018

For a sector that’s lately been overshadowed by tech expansion in downtown Boston, the financial service industry is expected to play an outsized role in some of the biggest upcoming lease transactions.

State Street To Pay $35M For Charging Secret Markups

by Bram Berkowitz | Sep 8, 2017

State Street will pay more than $35 million to the...

Financial Firms Receding From Downtown Office Market

by Scott Van Voorhis | Apr 16, 2017

Financial services giants like State Street, Fidelity and Putnam have been mainstays of the downtown office market for years now.

State Street To Return Millions Following Federal, State Crackdown On False Exchange Rates

by Banker & Tradesman | Jul 29, 2016

State Street and Trust Co. has resolved to return $75 million in profits following allegations that it provided misleading information as to how it priced foreign exchange transactions, Attorney General Maura Healey announced today.

Wellesley Recruits State Street Banker As New CFO

by Banker & Tradesman | Jun 1, 2016

Wellesley Bancorp has tapped a former State Street...

Boston Realty Advisors Sells Two Properties, Takes In $5.29M Total

by Banker & Tradesman | Sep 8, 2015

Boston Realty Advisors (BRA) recently sold two city...

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