State Street sees FY12 NIM in middle of 145-155bp range Sees FY13 decline in NIM at the high end of a range of 10-12bps due to impact of QE3 and continued low level of interest rates. Expects reduction in excess client deposits.
State Street appointed by Hartford Funds to assist in providing custody services State Street announced that it has been appointed by Hartford Funds to assist in providing custody and accounting services for $93.6B in assets under management, which includes $20.6B in mutual funds supporting variable annuity and investment products. Hartford Funds is a leading provider of mutual funds.
State Street says legal accrual does not affect Q4, FY14 results The increased legal accrual does not affect State Streetís previously announced operating-basis Q4 and FY14 financial results, which are not presented on a GAAP-basis.