State Street to buy Brown Brothers unit for $3.5 billion
The deal will increase the mountain of assets at State Street — already one of the world's top custody banks — to $37.3 trillion.
State Street Corp. agreed to buy Brown Brothers Harriman & Co.’s investor services business for $3.5 billion in cash, adding an operation that safeguards about $5.4 trillion in assets.
The deal includes the unit’s custody, accounting, fund administration, global markets and technolo
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