So-called living wills submitted by big banks are "not credible" and have to be revised by next July, federal regulators said on Tuesday.» Read More
U.S. stock index futures signaled a lower open on the last day of the week, as fears about the Ukraine-Russia situation resurged.
*Q1 earnings per share 99 cents vs est of $1.00/ shr. April 25- State Street Corp, the world's second-largest custody bank, reported a 22 percent fall in first-quarter profit, mainly due to higher expenses related to recent job cuts.
April 25- State Street Corp, the world's second-largest custody bank, reported a 22 percent fall in quarterly profit, mainly due to higher operating expenses. The net income available to common shareholders fell to $356 million, or 81 cents per share, in the first quarter ended March 31, from $455 million, or 98 cents per share, a year earlier.
April 22- Bank of New York Mellon Corp reported a first-quarter profit on Tuesday as rising markets drove up its assets under custody and administration. With its stock lagging that of rival State Street Corp in recent years, BNY Mellon has been under pressure to control costs.
BOSTON, April 20- U.S. fund managers warned this month of risks shareholders could face from current or future Western sanctions against Russia, underscoring the stakes for emerging-markets investors arising out of the turmoil in Ukraine.
Stock lending can help ETFs generate extra income. But some managers, like BlackRock, pocket a big chunk of those fees for themselves.
The Fed's drive to wean Wall Street off risky funding sources is expected to bring more pain to the biggest U.S. banks in the coming months.
The eight biggest U.S. banks must boost capital levels by a total of about $68 billion under new rules, U.S. regulators said on Tuesday.
BOSTON, April 7- Harvard University said on Monday it adopted a set of environmental and social investing principles backed by the United Nations for its huge endowment fund, a move that could add pressure on companies in its portfolio to make more disclosures on areas like carbon emissions.
Arledge himself acknowledged on Wednesday that BNY Mellon is only in the early stages of a two-pronged strategy to gather assets from individual retail investors, but he pledged that the strategy will show tangible progress by this summer.
Some of the names on the move ahead of the open.
SINGAPORE, March 25- Rising U.S. interest rates and the Federal Reserve winding down economic stimulus mean investors in Southeast Asian bonds must anticipate near-term jitters and increased yields, said the Asia-Pacific head of fixed income at State Street Global Advisors.
The "Fast Money" traders share their final trades of the day.
Eight of the nation's largest banks will begin using their own models and systems to calculate the amount of capital they need to set aside.
Green bonds have taken off over the last year, with more than $10 billion issued in 2013 alone and $25 billion expected in 2014.
Britain's financial watchdog fined State Street U.K. 22.9 million pounds ($38 million) for deliberately overcharging its clients.
Friday's midday movers:
U.S. stock prices could continue to correct, but it's too soon to say whether this is the big one.
The Federal Reserve's approval of the rule sends a clear signal, bank analyst Mike Mayo of CLSA says.
Not even $3 billion could convince Snapchat's founders to go work for Facebook's Mark Zuckerberg, but it was a better week for Amazon and Apple.