Revenue from Contracts with Customers (Tables)

9 Months Ended

Sep. 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 September 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	$	1,395	$	—	1,395		$	—	$	—	$	—	$	—	$	—	$	—	$	1,395
Management fees	—		—		—		526		—		526		—		—		—		526
Foreign exchange trading services	82		184		266		13		—		13		—		—		—		279
Securities finance	60		43		103		—		3		3		—		—		—		106
Software and processing fees	126		78		204		—		(6)		(6)		—		—		—		198
Total fee revenue	1,663		305		1,968		539		(3)		536		—		—		—		2,504
Net interest income	—		491		491		—		(4)		(4)		—		—		—		487
Total other income	—		(1)		(1)		—		—		—		—		—		—		(1)
Total revenue	$	1,663	$	795	$	2,458	$	539	$	(7)	$	532	$	—	$	—	$	—	$	2,990
	Nine Months Ended September 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	$	4,165	$	—	$	4,165	$	—	$	—	$	—	$	—	$	—	$	—	$	4,165
Management fees	—		—		—		1,523		—		1,523		—		—		—		1,523
Foreign exchange trading services	260		609		869		42		—		42		—		—		—		911
Securities finance	181		123		304		—		10		10		—		—		—		314
Software and processing fees	390		195		585		—		3		3		—		—		—		588
Total fee revenue	4,996		927		5,923		1,565		13		1,578		—		—		—		7,501
Net interest income	—		1,432		1,432		—		(11)		(11)		—		—		—		1,421
Total other income	—		(1)		(1)		—		—		—		—		53		53		52
Total revenue	$	4,996	$	2,358	$	7,354	$	1,565	$	2	$	1,567	$	—	$	53	$	53	$	8,974

	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	—		—		—		479		—		479		479
Foreign exchange trading services	90		162		252		18		—		18		270
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	—		—		—		1,387		—		1,387		1,387
Foreign exchange trading services	285		713		998		41		—		41		1,039
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