Custody banks

The board of the Federal Deposit Insurance Corp. on Friday made several proposals meant to simplify post-crisis rules, prompting opposition from its most recent former chairman.

The company protects digital assets with hardware-based security, biometrics and quorums. Hedge funds are already signing on.

The company's fourth-quarter results were also stymied by costs tied to severance and litigation, along with investments in technology.

New CEO Ronald O'Hanley is pushing to reduce expenses, automate more functions and simplify the organizational structure.

The custody bank was very profitable, and it raised its cost-saving forecast for year-end, but its nearly 3% increase in third-quarter noninterest expenses prompted an investor backlash.

Earnings were bolstered by lower taxes and higher asset-servicing fees, but revenue was flat and analysts raised concerns about a shrinking deposit base.

The custody bank’s linked-quarter net income dipped due to a decline in earning assets and lower transaction volumes.

Hannah Grove has made it her goal to make State Street's leaders better at storytelling, launching a two-day event that features TED-style talks with execs as well as influential names in fintech.

A good leader leads by example. A great one gets down in the trenches with her team even as she is dealing with serious health issues and the demands of her job are pulling her in multiple directions. That was Paulette Mullings Bradnock in early 2017.

They are disinclined to talk about it much yet, but the big three trust banks as well as JPMorgan and Goldman are said to be mulling custody services that would help shield wealthy bitcoin investors from theft. Here are the selling points and the risks.