State Street Acquires Mizuho’s Global Custody Business Adding $580B in Assets

State Street (NYSE: STT) has announced an agreement to acquire Mizuho Financial Group’s global custody and related businesses outside of Japan. The acquisition includes Mizuho’s operations through Mizuho Trust & Banking (Luxembourg) and Mizuho Bank (USA), representing combined assets under custody of approximately $580 billion and $24 billion in assets under administration.…

February 28, 2025

Tag: financial industry consolidation

State Street Acquires Mizuho’s Global Custody Business Adding $580B in Assets

Feb 28, 2025

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in FINANCE

State Street (NYSE: STT) has announced an agreement to acquire Mizuho Financial Group’s global custody and related businesses outside of Japan. The acquisition includes Mizuho’s operations through Mizuho Trust & Banking (Luxembourg) and Mizuho Bank (USA), representing combined assets under custody of approximately $580 billion and $24 billion in assets under administration.…