MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, September 12, 2012 State Street May Need To Make Cuts Reuters reports that State Street [Profile] is looking to cut costs, but has no word as to whether or not this will affect State Street Global Advisors. The report says that even with the technology streamlining currently going on at the bank, more expense cuts may need to me made to make up for low trading revenue. "We're looking at everything," chief exec Jay Hooley said during a presentation at the Barclays Financial Services Conference, according to Reuters. Hooley wasn't the only exec making news at the conference. An SSgA representative told the MFWire there would be no comment on any potential cuts until the firm's earnings report came out. Printed from: MFWire.com/story.asp?s=41233 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |