Revenue from Contracts with Customers (Tables)

12 Months Ended

Dec. 31, 2023

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

In the following table, 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. The amounts in the “Other” columns were not allocated to our business lines.

	Year Ended December 31, 2023
	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		2023
Servicing fees	$	4,922	$	—	$	4,922	$	—	$	—	$	—	$	—	$	—	$	—	$	4,922
Management fees	—		—		—		1,876		—		1,876		—		—		—		1,876
Foreign exchange trading services	344		796		1,140		125		—		125		—		—		—		1,265
Securities finance	225		177		402		—		24		24		—		—		—		426
Software and processing fees	627		184		811		—		—		—		—		—		—		811
Other fee revenue	—		145		145				35		35		—		—		—		180
Total fee revenue	6,118		1,302		7,420		2,001		59		2,060		—		—		—		9,480
Net interest income	—		2,740		2,740		—		19		19		—		—		—		2,759
Total other income	—		—		—		—		—		—		—		(294)		(294)		(294)
Total revenue	$	6,118	$	4,042	$	10,160	$	2,001	$	78	$	2,079	$	—	$	(294)	$	(294)	$	11,945
	Year Ended December 31, 2022
	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		2022
Servicing fees	$	5,087	$	—	$	5,087	$	—	$	—	$	—	$	—	$	—	$	—	$	5,087
Management fees	—		—		—		1,939		—		1,939		—		—		—		1,939
Foreign exchange trading services	363		908		1,271		82		—		82		—		23		23		1,376
Securities finance	233		164		397		—		19		19		—		—		—		416
Software and processing fees	599		190		789		—		—		—		—		—		—		789
Other fee revenue	—		46		46				(47)		(47)		—		—		—		(1)
Total fee revenue	6,282		1,308		7,590		2,021		(28)		1,993		—		23		23		9,606
Net interest income	—		2,551		2,551		—		(7)		(7)		—		—		—		2,544
Total other income	—		(2)		(2)		—		—		—		—		—		—		(2)
Total revenue	$	6,282	$	3,857	$	10,139	$	2,021	$	(35)	$	1,986	$	—	$	23	$	23	$	12,148
	Year Ended December 31, 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	$	5,531	$	—	$	5,531	$	—	$	—	$	—	$	—	$	—	$	—	$	5,531
Management fees	—		—		—		2,053		—		2,053		—		—		—		2,053
Foreign exchange trading services	342		807		1,149		62		—		62		—		—		—		1,211
Securities finance	235		167		402		—		14		14		—		—		—		416
Software and processing fees	535		203		738		—		—		—		—		—		—		738
Other fee revenue	—		59		59		—		4		4		—		—		—		63
Total fee revenue	6,643		1,236		7,879		2,115		18		2,133		—		—		—		10,012
Net interest income	—		1,919		1,919		—		(14)		(14)		—		—		—		1,905
Total other income	—		(1)		(1)		—		—		—		—		111		111		110
Total revenue	$	6,643	$	3,154	$	9,797	$	2,115	$	4	$	2,119	$	—	$	111	$	111	$	12,027