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⭐ Core Definition: State Street Corporation

State Street Corporation is an American multinational financial services and bank holding company headquartered at One Congress Street in Boston. It is the second-oldest continuously operating U.S. bank, tracing its roots to Union Bank, chartered in 1792. As of the third quarter of 2025, State Street is one of the world's largest asset managers and custodians, with approximately US$5.4 trillion in assets under management and US$51.7 trillion under custody and administration.

State Street operates globally through three main divisions: Global Services (custody and fund administration), Global Advisors (asset management), and Global Markets (trading and research). It is considered a systemically important bank by the Financial Stability Board and ranks among the "Big Three" index fund managers alongside BlackRock and Vanguard.

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👉 State Street Corporation in the context of ExxonMobil

Exxon Mobil Corporation (/ˌɛksɒn ˈmoʊbəl/ EK-son MOH-bəl) is an American multinational oil and gas corporation headquartered in Spring, Texas, a suburb of Houston. Founded as the largest direct successor of John D. Rockefeller's Standard Oil, the company was formed in 1999, with the merger of Exxon and Mobil. It is vertically integrated across the entire oil and gas industry, as well as within its chemicals division, which produces plastic, synthetic rubber, and other chemical products. As the largest U.S.-based oil and gas company, ExxonMobil is the seventh-largest company by revenue in the U.S. and 13th-largest in the world. It is also the largest investor-owned oil company in the world. Approximately 55.56% of the company's shares are held by institutions, the largest of which, as of 2019, were The Vanguard Group (8.15%), BlackRock (6.61%), and State Street Corporation (4.83%).

The company has been widely criticized and sued, mostly for environmental incidents and its history of climate change denial against the scientific consensus that fossil fuels significantly contribute to global warming. The company is responsible for many oil spills, the largest and most notable of which was the 1989 Exxon Valdez oil spill in Alaska, considered to be one of the world's worst oil spills in terms of environmental damage. The company has also been accused of human rights violations and exerting excessive influence on American foreign policy and developing countries.

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⭐ Core Definition: State Street Corporation
👉 State Street Corporation in the context of ExxonMobil
State Street Corporation in the context of BlackRock
State Street Corporation in the context of The Vanguard Group
State Street Corporation in the context of Bankers Trust

State Street Corporation in the context of BlackRock

BlackRock, Inc. is an American multinational investment company. Founded in 1988, initially as an enterprise risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager, with $12.5 trillion in assets under management as of 2025. Headquartered in New York City, BlackRock has 70 offices in 30 countries and clients in 100 countries.

BlackRock is the manager of the iShares group of exchange-traded funds, and along with Fidelity, Vanguard, and State Street, it is considered one of the Big Four index fund managers. Its Aladdin software keeps track of investment portfolios for many major financial institutions and its BlackRock Solutions division provides financial risk management services. As of 2025, BlackRock was ranked 210th on the Fortune 500 list of the largest U.S. corporations by revenue.

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State Street Corporation in the context of The Vanguard Group

The Vanguard Group, Inc. is an American registered investment adviser founded on May 1, 1975, and based in Malvern, Pennsylvania, with about $11 trillion in global assets under management as of January 31, 2025. It is the largest provider of mutual funds and the second-largest provider of exchange-traded funds (ETFs) in the world after BlackRock's iShares. In addition to mutual funds and ETFs, Vanguard offers brokerage services, educational account services, financial planning, asset management, and trust services. Several mutual funds managed by Vanguard are ranked at the top of the list of mutual funds in the United States by assets under management. Along with BlackRock and State Street, Vanguard is considered to be one of the Big Three index fund managers that play a dominant role in retail investing.

Founder and former chairman John C. Bogle is credited with the creation of the first index fund available to individual investors and was a proponent and major enabler of low-cost investing by individuals, though Rex Sinquefield has also been credited with the first index fund a few years before Bogle.

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State Street Corporation in the context of Bankers Trust

Bankers Trust was a historic American banking organization. The bank merged with Alex. Brown & Sons in 1997 before being acquired by Deutsche Bank in 1999. Deutsche Bank sold the Trust and Custody division of Bankers Trust to State Street Corporation in 2003.

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State Street Corporation in the context of "ExxonMobil"

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⭐ Core Definition: State Street Corporation

👉 State Street Corporation in the context of ExxonMobil

State Street Corporation in the context of BlackRock

State Street Corporation in the context of The Vanguard Group

State Street Corporation in the context of Bankers Trust