State Street U.K. fined for clients fees without consent, Bloomberg reports In the U.K., the Financial Conduct Authority fined State Street's unit $37.7M for charging clients “substantial” fees without their consent, reports Bloomberg. Reference Link
News For STT From The Last 14 Days
Check below for free stories on STT the last two weeks.
State Street sees 3%-5% operating basis revenue growth for FY14 vs. FY13 Says outlook for 2014 is "positive." Sees 3%-5% operating basis revenue growth for FY14 vs. FY13. Expects to continue return of capital through dividends, repurchases. Says on track to deliver approximately $130M of incremental pre-tax expense savings in 2014 from Business Operations and Information Technology Transformation program. Says to achieve goal of annual operating leverage in 2014, will likely require improvement in market-driven revenue in 2H14. Says continuing to invest in growth initiatives. Comments from slides that will be presented at the Barclays Global Financial Services Conference.