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Business: State Street plans 630 job cuts to boost earnings

Source: Bloomburg News

  January 18. 2013 10:36AM - Last modified: January 18. 2013 11:48AM

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State Street Corp. (STT), the third-largest custody bank, said it will eliminate 630 jobs in its third round of cuts in two years to bolster profit as record low interest rates weigh on revenue from lending.

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