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Nest to Replace State Street with Northern Trust as Its Administrator

Nest to Replace State Street with Northern Trust as Its Administrator
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Deposits provide better-than-expected results at State Street

Deposits provide better-than-expected results at State Street
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State Street appoints private markets and credit global head

State Street appoints private markets and credit global head
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Northern Trust cutting 900 jobs | Crain's Chicago Business

Northern Trust cutting 900 jobs | Crain's Chicago Business
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Fee income drop, pricier deposits lead to 1Q miss at State Street

The Boston-based custody bank reported a 9% decline in fee income from a year earlier and a shift away from non-interest-bearing deposits that cost it millions in net interest income. As a result, earnings per share fell 12 cents short of analysts' expectations.

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