Line of Business Information (Tables)

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Summary of Line of Business Results

The following tables summarize our line of business results for the periods indicated. The "Other" columns represent costs incurred that are not allocated to a specific line of business, certain employee costs, including certain severance and restructuring costs, acquisition costs and certain provisions for legal contingencies.

	Three Months Ended September 30,
	Investment Servicing						Investment Management						Other				Total
(Dollars in millions)	2022			2021			2022			2021			2022		2021		2022			2021
Servicing fees	$	1,219		$	1,391		$	—		$	—		$	—	$	—	$	1,219		$	1,391
Management fees	—			—			472			526			—		—		472			526
Foreign exchange trading services	293			266			26			13			—		—		319			279
Securities finance	105			103			5			3			—		—		110			106
Software and processing fees	184			180			—			—			—		—		184			180
Other fee revenue	12			28			(17)			(6)			—		—		(5)			22
Total fee revenue	1,813			1,968			486			536			—		—		2,299			2,504
Net interest income	663			491			(3)			(4)			—		—		660			487
Total other income	—			(1)			—			—			—		—		—			(1)
Total revenue	2,476			2,458			483			532			—		—		2,959			2,990
Provision for credit losses	—			(2)			—			—			—		—		—			(2)
Total expenses	1,760			1,755			335			339			15		22		2,110			2,116
Income before income tax expense	$	716		$	705		$	148		$	193		$	(15)	$	(22)	$	849		$	876
Pre-tax margin	29		%	29		%	31		%	36		%					29		%	29		%
	Nine Months Ended September 30,
	Investment Servicing						Investment Management						Other				Total
(Dollars in millions)	2022			2021			2022			2021			2022		2021		2022			2021
Servicing fees	$	3,884		$	4,154		$	—		$	—		$	—	$	—	$	3,884		$	4,154
Management fees	—			—			1,482			1,523			—		—		1,482			1,523
Foreign exchange trading services	948			869			61			42			—		—		1,009			911
Securities finance	300			304			13			10			—		—		313			314
Software and processing fees (1)	573			551			—			—			—		—		573			551
Other fee revenue	46			45			(65)			3					—		(19)			48
Total fee revenue	5,751			5,923			1,491			1,578			—		—		7,242			7,501
Net interest income	1,760			1,432			(7)			(11)			—		—		1,753			1,421
Total other income	(2)			(1)			—			—			—		53		(2)			52
Total revenue	7,509			7,354			1,484			1,567			—		53		8,993			8,974
Provision for credit losses	10			(26)			—			—			—		—		10			(26)
Total expenses	5,452			5,389			1,051			1,082			42		88		6,545			6,559
Income before income tax expense	$	2,047		$	1,991		$	433		$	485		$	(42)	$	(35)	2,438			$	2,441
Pre-tax margin	27		%	27		%	29		%	31		%					27		%	27		%