US bank State Street said first-quarter profit fell 6.6% as expenses rose more than twice as fast as revenue.

Dublin: State Street, the world’s second-biggest money manager for institutions, is in talks to purchase Bank of Ireland’s asset-management business, according to three people familiar with the matter.

Wall Street revelled in stunning gains again today as the Dow Jones industrials surged more than 250 points, giving the blue chips their first three-day, triple-digit winning streak in 17 months.