Revenue from Contracts with Customers (Tables)

9 Months Ended

Sep. 30, 2020

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

In the following table, revenue is disaggregated by our two lines of business and by revenue stream for which the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors.

	Three Months Ended September 30, 2020
	Investment Servicing						Investment Management						Total
(Dollars in millions)	Topic 606 revenue		All other revenue		Total		Topic 606 revenue		All other revenue		Total		2020
Servicing fees	$	1,301	$	—	$	1,301	$	—	$	—	$	—	$	1,301
Management fees	—		—		—		455		—		455		455
Foreign exchange trading services	90		162		252		42		—		42		294
Securities finance	42		39		81		—		3		3		84
Software and processing fees	108		54		162		—		10		10		172
Total fee revenue	1,541		255		1,796		497		13		510		2,306
Net interest income	—		482		482		—		(4)		(4)		478
Total revenue	$	1,541	$	737	$	2,278	$	497	$	9	$	506	$	2,784

	Nine Months Ended September 30, 2020
	Investment Servicing						Investment Management						Total
(Dollars in millions)	Topic 606 revenue		All other revenue		Total		Topic 606 revenue		All other revenue		Total		2020
Servicing fees	$	3,860	$	—	$	3,860	$	—	$	—	$	—	$	3,860
Management fees	—		—		—		1,329		—		1,329		1,329
Foreign exchange trading services	285		713		998		99		—		99		1,097
Securities finance	162		96		258		—		10		10		268
Software and processing fees	366		162		528		—		1		1		529
Total fee revenue	4,673		971		5,644		1,428		11		1,439		7,083
Net interest income	—		1,716		1,716		—		(15)		(15)		1,701
Total other income	—		2		2		—		—		—		2
Total revenue	$	4,673	$	2,689	$	7,362	$	1,428	$	(4)	$	1,424	$	8,786

	Three Months Ended September 30, 2019
	Investment Servicing						Investment Management						Total
(Dollars in millions)	Topic 606 revenue		All other revenue		Total		Topic 606 revenue		All other revenue		Total		2020
Servicing fees	$	1,272	$	—	$	1,272	$	—	$	—	$	—	$	1,272
Management fees	—		—		—		445		—		445		445
Foreign exchange trading services	90		159		249		35		—		35		284
Securities finance	64		50		114		—		2		2		116
Software and processing fees	97		43		140		—		2		2		142
Total fee revenue	1,523		252		1,775		480		4		484		2,259
Net interest income	—		649		649		—		(5)		(5)		644
Total revenue	$	1,523	$	901	$	2,424	$	480	$	(1)	$	479	$	2,903

	Nine Months Ended September 30, 2019
	Investment Servicing						Investment Management						Total
(Dollars in millions)	Topic 606 revenue		All other revenue		Total		Topic 606 revenue		All other revenue		Total		2019
Servicing fees	$	3,775	$	—	$	3,775	$	—	$	—	$	—	$	3,775
Management fees	—		—		—		1,306		—		1,306		1,306
Foreign exchange trading services	258		477		735		102		—		102		837
Securities finance	209		144		353		—		7		7		360
Software and processing fees	317		166		483		—		18		18		501
Total fee revenue	4,559		787		5,346		1,408		25		1,433		6,779
Net interest income	—		1,951		1,951		—		(21)		(21)		1,930
Total other income	—		(1)		(1)		—		—		—		(1)
Total revenue	$	4,559	$	2,737	$	7,296	$	1,408	$	4	$	1,412	$	8,708