State Street Corporation
Global financial services company
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| February 2025 | A group of 17 U.S. state attorneys general criticized State Street for making improper or inadequate disclosures about investments in China. |
| November 2022 |
Mutually agreed to drop the Brown Brothers Harriman & Co. acquisition deal due to continued regulatory scrutiny.
State Street Corporation cancelled the acquisition of Brown Brothers Harriman Investor Services Limited, Brown Brothers Harriman Fund Administration Services Limited, Brown Brothers Harriman Trustee Services Limited and Brown Brothers Harriman S.C.A. from Brown Brothers Harriman & Co.. -November 30, 2022 | MarketScreener
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| September 2021 | Agreed to buy Brown Brothers Harriman & Co.'s investor-services business for $3.5 billion in cash. |
| 2020 | During the 2020 proxy season, State Street supported a majority of climate-related shareholder disclosure requests, demonstrating its commitment to climate change transparency. |
| January 2020 | State Street Global Advisors announced a policy to vote against directors of companies in major stock indices that do not meet environmental, social, and governance change targets. |
| January 2019 | Announced plans to lay off 1,500 employees, which increased to 2,300 by July, while shifting workforce to countries like China, India, and Poland. |
| 2018 | State Street Corporation reached its highest reported revenue of $11.98 billion, with a net income of $2.599 billion, and a headcount of 40,140 employees. |
| October 1 2018 | Completed acquisition of Charles River Development for approximately $2.6 billion. |
| 2017 | Jay Hooley retired as chief executive officer, succeeded by Ronald P. O'Hanley. |
| October 2017 | SSGA agreed to pay over $5 million in back pay and interest to settle allegations of underpaying women and African-American employees. |
| October 2017 | State Street paid $5 million to settle a lawsuit alleging discrimination in pay practices against female and black executives compared to male and white peers. |
| March 2017 | State Street Global Advisors commissioned the Fearless Girl statue by Kristen Visbal, placing it in front of the Charging Bull statue in Manhattan's Financial District as an advertisement for an index fund highlighting gender-diverse companies. |
| January 18 2017 | State Street agreed to pay $64.6 million to resolve U.S. investigations into a scheme involving secret commissions on billions of dollars of trades, which prosecutors alleged was fraudulent. |
| May 2012 | During the annual shareholders meeting, State Street Corporation's chairman and CEO Jay Hooley was confronted by protesters who repeatedly shouted him down, raising concerns about the company's outsourcing practices and other grievances. |
| February 28 2012 | State Street Global Advisors entered into a consent order with the Massachusetts Securities Division regarding a $1.65 billion hybrid collateralized debt obligation. The investigation resulted in a $5 million fine for non-disclosure of initial investors' short positions on portions of the CDO. |
| January 2011 | Completed the acquisition of Bank of Ireland Asset Management (BIAM), which by then had grown to more than 2,000 local employees. |
| 2010 | The lawsuit filed by Trust Co. for Fixed Income Funds Investment against State Street Bank was settled. |
| 2010 | The company recovered from the financial crisis, reporting a net income of $1.556 billion and assets under management of $2,000 billion. |
| October 2010 | Announced the acquisition of Bank of Ireland Asset Management (BIAM) for approximately €57 million. |
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