ITALY - State Street Corp. has completed its €1.28bn (US$1.6bn) cash purchase of Intesa Sanpaolo's Securities Services business (ISPSS), including the firm's custody and fund administration units.
As part of the deal, originally announced in December 2009, State Street will also absorb ISPSS's depository and correspondent bank business. ISPSS has €369m in assets under custody. State Stre...
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