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 |
|
Monday, April 28, 2014 State Street Sends 400 More to the Street Cost pressures strike the fund industry, with State Street announcing 400 job cuts as first quarter profits fall 22 percent compared to the same period last year, reports the Boston Globe. The newspaper reports that the firm has announced four job cuts since 2010, leading to a total decrease of 2,960 positions. For example, State Street announced in January that it would lay off 630. State Street's first quarter profits were $356 million, down 22 percent from first quarter of last year. Printed from: MFWire.com/story.asp?s=48212 Copyright 2014, InvestmentWires, Inc. All Rights Reserved |