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State Street exploring acquisition of SocGen’s custody arm, reports say

State Street exploring acquisition of SocGen’s custody arm, reports say
Photo: David L. Ryan/Getty Images

State Street is exploring a possible acquisition of Societe Generale's custody business as the French lender seeks to streamline its operations, Bloomberg News reported, citing people with knowledge of the matter.

Boston-based State Street has discussed terms of a possible purchase of Societe Generale Securities Services, the news agency reported on 17 April.

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