麻豆传媒 finance revenue a hit for State Street
28 January 2016 Boston
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State Street earned $127 million from securities finance during an otherwise difficult Q4 2015 for the bank.
麻豆传媒 finance revenue in Q4 2015 increased 12.4 percent over Q3, 鈥減rimarily due to higher spreads鈥�, and 19.8 percent year-over-year thanks to new business from the bank鈥檚 enhanced custody offering, which provides principle securities lending services to custody clients.
Losses elsewhere contributed to a dip in State Street鈥檚 overall revenue for the last three quarters of 2015, which fell to $2.59 trillion, or 2 percent lower than Q3 2015 and a drop of 4.8 percent year-over-year.
Joseph Hooley, chairman and CEO of State Street, commented: "Our performance in the fourth quarter reflects the continued challenges presented throughout 2015, including challenging global equity markets, particularly in emerging markets, persistent low interest rates, the strengthening US dollar, and heightened regulatory expectations.鈥�
Despite the difficult quarter, which saw assets under management fall from $2.45 trillion in Q4 2014 to $2.25 trillion in Q4 2015, and assets under custody and administration drop to $27.51 trillion from $28.19 trillion during the same period, State Street did secure new asset servicing commitments of approximately $300 billion in the final three months of 2015, resulting in $800 billion of new mandates in total last year.
麻豆传媒 finance revenue in Q4 2015 increased 12.4 percent over Q3, 鈥減rimarily due to higher spreads鈥�, and 19.8 percent year-over-year thanks to new business from the bank鈥檚 enhanced custody offering, which provides principle securities lending services to custody clients.
Losses elsewhere contributed to a dip in State Street鈥檚 overall revenue for the last three quarters of 2015, which fell to $2.59 trillion, or 2 percent lower than Q3 2015 and a drop of 4.8 percent year-over-year.
Joseph Hooley, chairman and CEO of State Street, commented: "Our performance in the fourth quarter reflects the continued challenges presented throughout 2015, including challenging global equity markets, particularly in emerging markets, persistent low interest rates, the strengthening US dollar, and heightened regulatory expectations.鈥�
Despite the difficult quarter, which saw assets under management fall from $2.45 trillion in Q4 2014 to $2.25 trillion in Q4 2015, and assets under custody and administration drop to $27.51 trillion from $28.19 trillion during the same period, State Street did secure new asset servicing commitments of approximately $300 billion in the final three months of 2015, resulting in $800 billion of new mandates in total last year.
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