State Street has completed its acquisition of Investors Financial Services, for a figure of $4.2 billion. State Street says the deal will allow it to expand its capabilities beyond basic custody to focus on other value-added services. The firm estimates that the acquisition will add $2.3 trillion in assets, of which $1.8 trillion is held in custody. State Street will now claim a total of roughly $14.1 trillion in assets under custody.
Dan and Anthony talk about how technologists—and traders—are portrayed in TV and on the big screen, and just how accurate those portrayals are.Subscribe to Weekly Wrap emails