STT

AM Best Affirms Credit Ratings of Federated Underwriting Company

Retrieved on: 
Wednesday, February 7, 2024
Insurance, Professional Services, Risk management, Federated, News, State Street Corporation, AM Best, STT, Credit, State, ALL, State Street

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Federated Underwriting Company (Federated) (Colchester, VT).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Federated Underwriting Company (Federated) (Colchester, VT).
  • The ratings also reflect the credit enhancement received from its ultimate parent, State Street Corporation (State Street) [NYSE: STT].
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

State Street Completes Acquisition of CF Global Trading

Retrieved on: 
Thursday, February 1, 2024
Finance, Banking, Outsourcing Business, Professional Services, Asset Management, State Street Corporation, STT, Acquisition, State Street, Organization

State Street Corporation (NYSE: STT) announced today that it has completed its acquisition of CF Global Trading, a global firm specializing in outsourced trading on an agency basis for a variety of asset classes including equities, listed derivatives and fixed income.

Key Points: 
  • State Street Corporation (NYSE: STT) announced today that it has completed its acquisition of CF Global Trading, a global firm specializing in outsourced trading on an agency basis for a variety of asset classes including equities, listed derivatives and fixed income.
  • “The addition of CF Global Trading brings industry-leading expertise that strengthens our current outsourced trading services.
  • We welcome the CF Global team to State Street and look forward to the team complementing and enhancing our outsourced trading solutions globally.”
    State Street has provided clients with outsourced trading solutions since 2010, and has invested in technology and people to provide a leading agency, multi asset class outsourced trading solution.
  • Additionally, the closing of the deal will allow State Street to offer a complete global trading solution as part of the firm’s State Street Alpha® front-to back platform.

State Street Corporation Announces Issuance of Preferred Stock

Retrieved on: 
Wednesday, January 31, 2024
Banking, Professional Services, Finance, Goldman Sachs, BofA Securities, State, STT, State Street Corporation, State Street, Security (finance)

State Street Corporation (“State Street”) (NYSE: STT) announced today that it has issued $1.5 billion of depositary shares, each representing a 1/100th ownership interest in a share of its 6.700% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series I (the “Series I Preferred Stock”), without par value per share, with a liquidation preference of $100,000 per share.

Key Points: 
  • State Street Corporation (“State Street”) (NYSE: STT) announced today that it has issued $1.5 billion of depositary shares, each representing a 1/100th ownership interest in a share of its 6.700% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series I (the “Series I Preferred Stock”), without par value per share, with a liquidation preference of $100,000 per share.
  • The underwriting syndicate also included BofA Securities, Inc., Deutsche Bank Securities Inc. and Goldman Sachs & Co. LLC, each acting as joint book-running managers.
  • Dividend payments on the Series I Preferred Stock will only be payable when, as and if declared by State Street’s board of directors, or any duly authorized committee of its board of directors.
  • State Street may redeem the Series I Preferred Stock (i) in whole or in part on any dividend payment date on or after March 15, 2029, subject to regulatory approval, and (ii) in whole but not in part within 90 days following the occurrence of a regulatory capital treatment event.

State Street to Participate in the UBS Financial Services Conference

Retrieved on: 
Tuesday, January 30, 2024
Finance, Public Relations, Investor Relations, Banking, Communications, Professional Services, State, STT, State Street Corporation, Conference

State Street Corporation (NYSE: STT) announced today that its Chairman & Chief Executive Officer, Ron O’Hanley, and Vice Chairman & Chief Financial Officer, Eric Aboaf, will participate in the UBS Financial Services Conference in Key Biscayne, Florida on Tuesday, February 27, 2024, at 11:20 am ET.

Key Points: 
  • State Street Corporation (NYSE: STT) announced today that its Chairman & Chief Executive Officer, Ron O’Hanley, and Vice Chairman & Chief Financial Officer, Eric Aboaf, will participate in the UBS Financial Services Conference in Key Biscayne, Florida on Tuesday, February 27, 2024, at 11:20 am ET.
  • An audio webcast of the event and any materials will be accessible on the home page of State Street’s Investor Relations website, https://investors.statestreet.com .
  • A recorded replay will be available on the Investor Relations website later that day, for approximately ninety days following the presentation.

HitPaw Edimakor for Mac V2.6.0 released: AI Video Generator, STT, TTS Included

Retrieved on: 
Friday, February 2, 2024
Text, MacOS, ChatGPT, Mac, STT, Music, Software, TTS, Freedom, Collection, Mobile phone

NEW YORK, Feb. 2, 2024 /PRNewswire/ -- HitPaw, a leading provider of multimedia solutions, proudly announces the release of HitPaw Edimakor for Mac V2.6.0, a powerful and user-friendly video editing software.

Key Points: 
  • NEW YORK, Feb. 2, 2024 /PRNewswire/ -- HitPaw, a leading provider of multimedia solutions, proudly announces the release of HitPaw Edimakor for Mac V2.6.0, a powerful and user-friendly video editing software.
  • Video Download and Audio Extraction: HitPaw Edimakor now supports pasting any website link to download corresponding audio and video resources, further enriching your creative experience.
  • Simplified creative workflow: With HitPaw Edimakor, Mac users can not only enjoy great freedom but also further simplify the video editing process.
  • STT and TTS: Like other video editing software, HitPaw Edimakor is equipped with powerful Speech-to-Text (STT) and Text-to-Speech (TTS) functionalities.

KBFG Securities America Inc. Selects the Sterling Trading Tech Order Management System to Expand Access into US Equities Including 24x5 Trading via Blue Ocean Technologies

Retrieved on: 
Thursday, January 25, 2024
Software, Finance, Asset Management, Data Management, Professional Services, Technology, Fintech, Security, Blue Ocean Strategy, OMS, STT, Partnership, API, Business development, Risk, Order management system, Financial services

Sterling Trading Tech (STT), a leading provider of trading technology including a proprietary order management system, a risk and margin system, and trading platforms for the capital markets worldwide, is pleased to announce a significant benchmark in its international growth by offering the STT order management system to KBFG Securities America Inc.

Key Points: 
  • Sterling Trading Tech (STT), a leading provider of trading technology including a proprietary order management system, a risk and margin system, and trading platforms for the capital markets worldwide, is pleased to announce a significant benchmark in its international growth by offering the STT order management system to KBFG Securities America Inc.
  • KBFG will leverage STT's high-performance order management system to offer U.S. equities and access to Blue Ocean ATS trading to their clients.
  • Additionally, one of the key components for KBFG includes Blue Ocean ATS and the 24 x 5 trading model.
  • Sterling offered the API infrastructure and Order Management System to seamlessly integrate to make this possible, which led to a much faster time to market."

State Street Corporation (NYSE: STT) Reports Fourth-Quarter and Full-Year 2023 Financial Results

Retrieved on: 
Friday, January 19, 2024
Professional Services, Communications, Finance, Asset Management, Banking, Public Relations, Investor Relations, State Street Corporation, Telephone, State, Conference, News, STT, Consumer electronics

State Street Corporation (NYSE: STT) reported its fourth-quarter and full-year 2023 financial results today.

Key Points: 
  • State Street Corporation (NYSE: STT) reported its fourth-quarter and full-year 2023 financial results today.
  • The news release, presentation, and additional financial information can be accessed on State Street’s Investor Relations website, http://investors.statestreet.com .
  • A conference call to discuss the firm’s financial results, outlook and related matters will be held at 11:00 a.m.
  • The conference call will be accessible via audio webcast on State Street’s Investor Relations website, http://investors.statestreet.com , and by telephone at (+1) 888 886 7786 (Conference ID# 39118546).

State Street Corporation Declares Dividends on its Non-Cumulative Perpetual Preferred Stock Series “D,” “F,” “G” and “H”

Retrieved on: 
Thursday, January 18, 2024
Asset Management, Professional Services, Finance, State Street Corporation, STT, Venture round, Security (finance)

State Street Corporation (NYSE:STT) today announced a cash dividend on each of the below outstanding series of non-cumulative perpetual preferred stock:

Key Points: 
  • State Street Corporation (NYSE:STT) today announced a cash dividend on each of the below outstanding series of non-cumulative perpetual preferred stock:
    Series D (represented by depositary shares, each representing a 1/4000th interest in a share of Series D preferred stock).
  • Series F (represented by depositary shares, each representing a 1/100th interest in a share of Series F preferred stock).
  • Series G (represented by depositary shares, each representing a 1/4000th interest in a share of Series G preferred stock).
  • Series H (represented by depositary shares, each representing a 1/100th interest in a share of Series H preferred stock).

STT GDC Issues S$450M Sustainability-Linked Perpetual Securities to Drive Sustainability Initiatives and Fuel Global Expansion

Retrieved on: 
Saturday, January 13, 2024
STT, Series, Electricity, ZB, AI, MPEG transport stream, Sale, Investment, GDC, Performance, Machine learning, SLP, Growth, Renewable energy

STT GDC sets industry benchmarks in sustainable financing as the first sustainability linked perpetual issuance in Asia.

Key Points: 
  • STT GDC sets industry benchmarks in sustainable financing as the first sustainability linked perpetual issuance in Asia.
  • The framework upholds STT GDC's sustainability commitments with stringent Key Performance Indicators (KPIs) and Sustainability Performance Targets (SPTs), ensuring advancement of mid-to long-term sustainability goals.
  • The SLP is aligned to STT GDC's sustainability strategy, with STT GDC having set a sustainability performance target of increasing the percentage of renewable energy in total electricity consumption to 60% by 2026.
  • This SLP will fuel STT GDC's global growth plans, particularly to strengthen its geographical reach, as well as meet future demands for purpose-built digital infrastructure.

STT GDC Issues S$450M Sustainability-Linked Perpetual Securities to Drive Sustainability Initiatives and Fuel Global Expansion

Retrieved on: 
Wednesday, January 10, 2024
STT, Series, Electricity, ZB, AI, MPEG transport stream, Sale, Investment, Performance, Machine learning, SLP, Growth

STT GDC sets industry benchmarks in sustainable financing as the first sustainability linked perpetual issuance in Asia.

Key Points: 
  • This is STT GDC's debut perpetual securities offering and marks several firsts in the industry -- the first Singapore dollar denominated SLP, the first public benchmark SLP in Asia, as well as the first public perpetual by a pure play data centre globally.
  • The framework upholds STT GDC's sustainability commitments with stringent Key Performance Indicators (KPIs) and Sustainability Performance Targets (SPTs), ensuring advancement of mid-to long-term sustainability goals.
  • The SLP is aligned to STT GDC's sustainability strategy, with STT GDC having set a sustainability performance target of increasing the percentage of renewable energy in total electricity consumption to 60% by 2026.
  • This SLP will fuel STT GDC's global growth plans, particularly to strengthen its geographical reach, as well as meet future demands for purpose-built digital infrastructure.