The two US investment banks are the first to report their quarterly earnings, with their results often seen as a reflection of the current state of the banking industry.
Tag: Assets under custody
State Street announced assets under custody of $33.8 trillion, up 9% year-on-year and overtaking BNY Mellon for the first time in three years.
State Street has continued to grow its assets under custody and administration despite the landmark BlackRock shift earlier this year.
Northern Trust has continued to grow its assets under custody in the first quarter of 2017.
World's largest custody bank reveals it has continued to grow its assets under custody in 2017.
BNY Mellon has recorded strong Q4 2016 figures with overall quarterly revenue standing at $822 million.