State Street Falls


Assets under custody fell 21 percent in the past year to $12 trillion. Assets under management dropped 27 percent to $1.44 trillion.

Quarterly profits fell 71% as Fixed Income Portfolio has (unrealised) losses of $6 billion, conduits similarily $ another (unrealised) $3 billion and funds managed from cash collateral on custody assets went under $1. State Street estimates par revenues for 2009 at $2.7 billion and will be expected to raise equity in 2009 like its counterparts.

I feel custody assets drop is even deeper and expect similar damage at JP Morgan

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About zyakaira

Investment Banker, 40s, Bangalore This Biopic and this web recreates how one point of view, one person can impact a tremendous economic engine that the world thrives and mis-thrives on. This one has the knowledge and the civil sense , the art of conversation and some good writing to mentor others as powerful and help global managers develop and fine tune their approach on US markets, China, India and the world. Read on here, and let me know what you need. It can be a race for TRPs, a race for new markets and a race to do what is right. I have the pulse of the crisis, the recovery and the market direction and can help you build and refine your strategy as i have helped thousands of managers and multiple global corporations. Of course, it’s more fun if you talk to me. I am in favor of leading this moving of the economic crisis and will partner with you in a soft and subtle way, just the way we both ride to the top. But you can write with us, opine and just reply with aplomb and shine on Twitter , 4 square , Facebook and any other social “choupal” of choice via zyaadakairaada Profile & Portfolio - SocialPicks Different flavours at: http://benchilibowl.wordpress.com http://zyaada.mp

Posted on January 20, 2009, in Financial Markets and tagged , , , . Bookmark the permalink. Leave a comment.

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