BOSTON--(BUSINESS WIRE)--
State Street Corporation (NYSE:STT) today announced the results of its
2016 mid-cycle stress test. Consistent with Section 165 of the
Dodd-Frank Wall Street Reform and Consumer Protection Act, the results
are based on State Street’s internally developed severely adverse
scenario and incorporate prescribed Dodd-Frank capital actions.
State Street, like other companies covered by the provisions of Section
165 of the Dodd-Frank Act, is required to conduct company-run stress
tests semi-annually and to disclose summary results of those company-run
stress tests under the severely adverse scenario. State Street’s
disclosure can be found in the Investor Relations section of its
website, http://investors.statestreet.com/.
About State Street Corporation
State Street Corporation
(NYSE: STT) is one of the world's leading providers of financial
services to institutional investors, including investment servicing,
investment management and investment research and trading. With $27.8
trillion in assets under custody and administration and $2.3 trillion*
in assets under management as of June 30, 2016, State Street operates in
more than 100 geographic markets worldwide, including the US, Canada,
Europe, the Middle East and Asia. For more information, visit State
Street’s website at www.statestreet.com.
* Assets under management include approximately $33 billion as of
June 30, 2016, for which State Street Global Markets, LLC, an affiliate
of SSGA, serves as the distribution agent.
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State Street Corporation
Anthony Ostler, +1-617-664-3477
or
Carolyn
Cichon, +1-617-664-8672
Source: State Street Corporation