State Street Corporation (NYSE:STT) Files An 8-K Other EventsItem 8.01.Other Events.
On June 28, 2018, State Street Corporation announced that the Board of Governors of the Federal Reserve System did not object to the Company's capital plan as part of the 2018 Comprehensive Capital Analysis and Review (CCAR) process. The capital plan includes an increase in the common stock dividend and a new common stock purchase program. In connection with its non-objection, the Federal Reserve is requiring State Street to enhance the management and analysis of counterparty exposures under stress. The Company is not expected to resubmit its capital plan after completing these enhancements.
A copy of State Street’s news release with respect to this announcement is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated by reference into this Item 8.01.
Item 9.01.Financial Statements and Exhibits.
State Street news release dated June 28, 2018
STATE STREET CORP ExhibitEX-99.1 2 exhibit991newsrelease.htm EXHIBIT 99.1 exhibit991newsrelease Contacts: Ilene Fiszel Bieler Marc Hazelton +1 617-664-3477 +1 617-513-9439 State Street Corporation Announces Results of CCAR 2018 Boston,…To view the full exhibit click
About State Street Corporation (NYSE:STT)
State Street Corporation, the parent company, is a financial holding company. The parent company provides financial and managerial support to its legal and operating subsidiaries. The Company, through its subsidiary, State Street Bank, provides a range of financial services and products to institutional investors across the world. Its clients include mutual funds, collective investment funds and other investment pools, corporate and public retirement plans, insurance companies, foundations, endowments and investment managers. It has approximately two lines of business: Investment Servicing and Investment Management. Its Investment Servicing line of business performs core custody and related value-added functions, such as providing institutional investors with clearing, payment and settlement services. Its Investment Management services through State Street Global Advisors (SSGA). SSGA provides a range of investment management, investment research and investment advisory services.