Line of Business Information (Tables)

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Components of Other in Segment Reporting

The following is a summary of our line of business results “Other” column for the periods indicated.

	Years Ended December 31,
	Other
(Dollars in millions)	2023		2022		2021
Fee revenue	$	—	$	23	$	—
Other Income	(294)		—		111
FDIC special assessment	(387)		—		—
Net repositioning charges	(203)		(70)		3
Net acquisition and restructuring costs	15		(65)		(65)
Legal and related expenses	—		—		(18)
Deferred incentive compensation expense acceleration	—		—		(147)
Other expenses	(55)		(10)		(35)
Total	$	(924)	$	(122)	$	(151)

Summary of Line of Business Results

The following is a summary of our line of business results for the periods indicated.

	Years Ended December 31,
	Investment Servicing									Investment Management									Other						Total
(Dollars in millions)	2023			2022			2021			2023			2022			2021			2023		2022		2021		2023			2022			2021
Servicing fees	$	4,922		$	5,087		$	5,531		$	—		$	—		$	—		$	—	$	—	$	—	$	4,922		$	5,087		$	5,531
Management fees	—			—			—			1,876			1,939			2,053			—		—		—		1,876			1,939			2,053
Foreign exchange trading services	1,140			1,271			1,149			125			82			62			—		23		—		1,265			1,376			1,211
Securities finance	402			397			402			24			19			14			—		—		—		426			416			416
Software and processing fees	811			789			738			—			—			—			—		—		—		811			789			738
Other fee revenue(1)	145			46			59			35			(47)			4					—		—		180			(1)			63
Total fee revenue	7,420			7,590			7,879			2,060			1,993			2,133			—		23		—		9,480			9,606			10,012
Net interest income	2,740			2,551			1,919			19			(7)			(14)					—		—		2,759			2,544			1,905
Total other income	—			(2)			(1)			—			—			—			(294)		—		111		(294)			(2)			110
Total revenue	10,160			10,139			9,797			2,079			1,986			2,119			(294)		23		111		11,945			12,148			12,027
Provision for credit losses	46			20			(33)			—			—			—			—		—		—		46			20			(33)
Total expenses	7,413			7,260			7,182			1,540			1,396			1,445			630		145		262		9,583			8,801			8,889
Income before income tax expense	$	2,701		$	2,859		$	2,648		$	539		$	590		$	674		$	(924)	$	(122)	$	(151)	$	2,316		$	3,327		$	3,171
Pre-tax margin	27		%	28		%	27		%	26		%	30		%	32		%							19		%	27		%	26		%
Average assets (in billions)	$	271.5		$	283.2		$	296.5		$	3.2		$	3.2		$	3.2								$	274.7		$	286.4		$	299.7

(1) Investment Management includes other revenue items that are primarily driven by equity market movements.