Operator
Good day, and thank you for standing by. Welcome to the M&T Bank second quarter 2021 earnings conference call. [Operator instructions] Please be advised that today s conference is being recorded. [Operator instructions] I would now like to hand the conference over to Don MacLeod.
Thank you. Please go ahead.
Don MacLeod
Vice President and Director of Investor Relations
Thank you, Erica, and good morning. I d like to thank everyone for participating in M&T s second quarter of 2021 earnings conference call, both by telephone and through the webcast. If you have not read the earnings release we issued this morning, you may access it along with the financial tables and schedules from our website, www.mtb.com, and by clicking on the Investor Relations link and then on the Events and Presentations link. Also before we start, I d like to mention that today s presentation may contain forward-looking information.
Notable Heroes in Health Care: Multisystem Inflammatory Syndrome in Children (MIS-C) team
Children’s Wisconsin
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From the beginning of the COVID-19 pandemic, a main understanding was that it usually doesn’t affect children as seriously as adults. While that remains true, in early May reports of a “mysterious illness” in some kids who have been exposed to COVID-19 started to emerge.
Known as “Multisystem Inflammatory Syndrome in Children” (MIS-C), kids can present with many different symptoms, including a persistent high fever, swelling of the hands and feet, rash and red eyes and tongue. Some have also been found to have inflammation of many organs including the heart.
Reports that State Street Corp. may sell or spin out its $3.1 trillion asset management business have been met with “mixed feelings” from analysts and other industry observers.
Bloomberg reported Friday afternoon that State Street was “exploring options for its asset management business,” State Street Global Advisors, including a possible merger with a rival asset manager. The report said that State Street had evaluated potential deals with competitors including the asset management units of UBS Group and Invesco, citing people familiar with the matter.
Wall Street Journal, published later that same day, offered more details on the rumored merger talks between State Street and UBS, adding that the two firms appeared close to reaching an agreement this summer. “State Street and UBS had settled on roles for some of the venture’s top executives and were considering names for the new stand-alone manager,” the