(Reuters) -U.S. custodian bank State Street Corp (NYSE:) is exploring options for its asset management business, including a merger with a competitor, as it seeks to gain scale, Bloomberg News reported on Friday, citing people familiar with the matter.
Boston-based State Street has evaluated possible combinations with the asset management operations of rivals including Invesco Ltd and UBS Group AG (SIX:), Bloomberg reported.
State Street declined to comment, saying it does not comment on market rumor or speculation.
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