State Street Sees Growth Potential in Asia

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Jan. 21 (Bloomberg) -- Nick Wright, head of global services and global markets for South and Southeast Asia at State Street Corp., talks about the company's business plans for Asia. State Street, the third-largest custody bank, rose the most in more than a year after saying it will eliminate 630 jobs in its third round of cuts in two years to bolster profit. Wright speaks from Singapore with Susan Li on Bloomberg Television's "First Up." (Source: Bloomberg)