State Street joins competition in reporting fee revenue increase during Q1
State Street joins the likes of BNY Mellon, JP Morgan and Citi which all reported an increase in asset servicing revenues for the first quarter of 2020.
Tag: first quarter
State Street records double-digit drop for asset servicing revenues
The Boston-based global custodian stated the drop was down to challenging industry conditions including fee concessions and lower client activity.
Asset servicing fees decline sees drop in BNY Mellon’s Q1 investment services revenues
Revenue from asset servicing, its largest business, was down 7% in comparison to the first quarter of last year at $1.4 billion
Securities services revenues shine bright for French banks in tough quarter
BNP Paribas and Societe Generale both saw rises in revenues for securities services and assets under custody.