State Street Corp on Friday said it would slash jobs as the trust bank reported choppy markets bit into its bottom line in the third quarter.
Shares fell 2.6% in early trading on October 23, pushing the stock's year-to-date loss to 14%.
Asset Management
State Street to cut jobs, misses expectations
Trust bank aims to save $50 million by cutting hundreds of staff globally by end of 2016, it says alongside third-quarter results
