Revenue from Contracts with Customers (Tables)

6 Months Ended

Jun. 30, 2023

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, 2023
	Investment Servicing						Investment Management						Total
(Dollars in millions)	Topic 606 revenue		All other revenue		Total		Topic 606 revenue		All other revenue		Total		2023
Servicing fees	$	1,259	$	—	$	1,259	$	—	$	—	$	—	$	1,259
Management fees	—		—		—		461		—		461		461
Foreign exchange trading services	86		190		276		27		—		27		303
Securities finance	61		48		109		—		8		8		117
Software and processing fees	174		47		221		—		—		—		221
Other fee revenue	—		55		55		—		3		3		58
Total fee revenue	1,580		340		1,920		488		11		499		2,419
Net interest income	—		687		687		—		4		4		691
Total other income	—		—		—		—		—		—		—
Total revenue	$	1,580	$	1,027	$	2,607	$	488	$	15	$	503	$	3,110
	Six Months Ended June 30, 2023
	Investment Servicing						Investment Management						Total
(Dollars in millions)	Topic 606 revenue		All other revenue		Total		Topic 606 revenue		All other revenue		Total		2023
Servicing fees	$	2,476	$	—	$	2,476	$	—	$	—	$	—	$	2,476
Management fees	—		—		—		918		—		918		918
Foreign exchange trading services	176		421		597		48		—		48		645
Securities finance	124		88		212		—		14		14		226
Software and processing fees	294		92		386		—		—		—		386
Other fee revenue	—		83		83		—		20		20		103
Total fee revenue	3,070		684		3,754		966		34		1,000		4,754
Net interest income	—		1,449		1,449		—		8		8		1,457
Total other income	—		—		—		—		—		—		—
Total revenue	$	3,070	$	2,133	$	5,203	$	966	$	42	$	1,008	$	6,211
	Three Months Ended June 30, 2022
	Investment Servicing						Investment Management						Total
(Dollars in millions)	Topic 606 revenue		All other revenue		Total		Topic 606 revenue		All other revenue		Total		2022
Servicing fees	$	1,297	$	—	$	1,297	$	—	$	—	$	—	$	1,297
Management fees	—		—		—		490		—		490		490
Foreign exchange trading services	90		223		313		18		—		18		331
Securities finance	61		41		102		—		5		5		107
Software and processing fees	138		50		188		—		—		—		188
Other fee revenue	—		(12)		(12)		—		(31)		(31)		(43)
Total fee revenue	1,586		302		1,888		508		(26)		482		2,370
Net interest income	—		588		588		—		(4)		(4)		584
Total other income	—		(1)		(1)		—		—		—		(1)
Total revenue	$	1,586	$	889	$	2,475	$	508	$	(30)	$	478	$	2,953
	Six Months Ended June 30, 2022
	Investment Servicing						Investment Management						Total
(Dollars in millions)	Topic 606 revenue		All other revenue		Total		Topic 606 revenue		All other revenue		Total		2022
Servicing fees	$	2,665	$	—	$	2,665	$	—	$	—	$	—	$	2,665
Management fees	—		—		—		1,010		—		1,010		1,010
Foreign exchange trading services	191		464		655		35		—		35		690
Securities finance	115		80		195		—		8		8		203
Software and processing fees	289		100		389		—		—		—		389
Other fee revenue	—		34		34		—		(48)		(48)		(14)
Total fee revenue	3,260		678		3,938		1,045		(40)		1,005		4,943
Net interest income	—		1,097		1,097		—		(4)		(4)		1,093
Total other income	—		(2)		(2)		—		—		—		(2)
Total revenue	$	3,260	$	1,773	$	5,033	$	1,045	$	(44)	$	1,001	$	6,034