Topic: State Street Corporation

Subprime Home Mortgage Crisis

The New York Times reported this morning 1-1-08 that a statewide investment pool for public funds in Florida has shut down due to investments in vehicles tied to subprime mortgages. CitiGroup, Bank of America and JPMorgan Chase apperared to have backed out ...
Thursday, the board of State Street (STT) announced that they would be cutting the quarterly dividend from $0.24/share to $0.01/share. As a result of the dividend cut and the other moves, State Street revised its previously reported 2008 earnings to $4.30 per ...
Bond Fund Investors Could Be Next to Feel Subprime Housing Loan Woes, Experts PredictCould the housing market's woes spread to bonds held in mutual funds by millions of ordinary investors?Some experts _ and hedge fund investors who have made big bets that ...