Revenue from Contracts with Customers (Tables)

6 Months Ended

Jun. 30, 2021

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

In the following tables, 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 June 30, 2021
	Investment Servicing						Investment Management						Other						Total
(Dollars in millions)	Topic 606 revenue		All other revenue		Total		Topic 606 revenue		All other revenue		Total		Topic 606 revenue		All other revenue		Total		2021
Servicing fees	$	1,399	$	—	$	1,399	$	—	$	—	$	—	$	—	$	—	$	—	$	1,399
Management fees	—		—		—		504		—		504		—		—		—		504
Foreign exchange trading services	83		187		270		16		—		16		—		—		—		286
Securities finance	61		45		106		—		3		3		—		—		—		109
Software and processing fees	156		53		209		—		7		7		—		—		—		216
Total fee revenue	1,699		285		1,984		520		10		530		—		—		—		2,514
Net interest income	—		468		468		—		(1)		(1)		—		—		—		467
Total other income	—		—		—		—		—		—		—		53		53		53
Total revenue	$	1,699	$	753	$	2,452	$	520	$	9	$	529	$	—	$	53	$	53	$	3,034
	Six Months Ended June 30, 2021
	Investment Servicing						Investment Management						Other						Total
(Dollars in millions)	Topic 606 revenue		All other revenue		Total		Topic 606 revenue		All other revenue		Total		Topic 606 revenue		All other revenue		Total		2021
Servicing fees	$	2,770	$	—	$	2,770	$	—	$	—	$	—	$	—	$	—	$	—	$	2,770
Management fees	—		—		—		997		—		997		—		—		—		997
Foreign exchange trading services	178		425		603		29		—		29		—		—		—		632
Securities finance	121		80		201		—		7		7		—		—		—		208
Software and processing fees	264		117		381		—		9		9		—		—		—		390
Total fee revenue	3,333		622		3,955		1,026		16		1,042		—		—		—		4,997
Net interest income	—		941		941		—		(7)		(7)		—		—		—		934
Total other income	—		—		—		—		—		—		—		53		53		53
Total revenue	$	3,333	$	1,563	$	4,896	$	1,026	$	9	$	1,035	$	—	$	53	$	53	$	5,984

	Three Months Ended June 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	$	1,272	$	—	$	1,272	$	—	$	—	$	—	$	1,272
Management fees	—		—		—		444		—		444		444
Foreign exchange trading services	95		217		312		13		—		13		325
Securities finance	63		25		88		—		4		4		92
Software and processing fees	151		78		229		—		16		16		245
Total fee revenue	1,581		320		1,901		457		20		477		2,378
Net interest income	—		571		571		—		(12)		(12)		559
Total revenue	$	1,581	$	891	$	2,472	$	457	$	8	$	465	$	2,937
	Six Months Ended June 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	$	2,559	$	—	$	2,559	$	—	$	—	$	—	$	2,559
Management fees	—		—		—		908		—		908		908
Foreign exchange trading services	195		551		746		23		—		23		769
Securities finance	120		57		177		—		7		7		184
Software and processing fees	258		108		366		—		(9)		(9)		357
Total fee revenue	3,132		716		3,848		931		(2)		929		4,777
Net interest income	—		1,234		1,234		—		(11)		(11)		1,223
Total other income	—		2		2		—		—		—		2
Total revenue	$	3,132	$	1,952	$	5,084	$	931	$	(13)	$	918	$	6,002