State Street disavows claims of asset management sale - reports

Sparked by Invesco rumours

James Baxter-Derrington
clock • 1 min read
The bank has pushed back against claims it may offload its asset management arm
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The bank has pushed back against claims it may offload its asset management arm

State Street has said the firm has no plans to offload its asset management arm, instead asserting how important the business was, the FT has reported.

Speaking during the company's Q3 earnings call, executives declined to comment on reports that there were ongoing conversations with competitors to offload its asset management arm. Ten years on: Impact...

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