Getting your player ready...
NEW YORK — State Street Corp., a bank that specializes in serving institutional investors and wealthy customers, said Monday it plans to raise new funds through common stock and senior note offerings as part of an effort to repay a government loan.
It said its offering of $2 billion, or 51.3 million shares, was priced at $39 each. State Street estimates that net proceeds from the offering will total about $1.9 billion.
