Revenue from Contracts with Customers (Tables)

3 Months Ended

Mar. 31, 2024

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 March 31, 2024
	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		2024
Servicing fees	$	1,228	$	—	$	1,228	$	—	$	—	$	—	$	—	$	—	$	—	$	1,228
Management fees	—		—		—		510		—		510		—		—		—		510
Foreign exchange trading services	95		213		308		23		—		23		—		—		—		331
Securities finance	47		43		90		—		6		6		—		—		—		96
Software and processing fees	155		52		207		—		—		—		—		—		—		207
Other fee revenue	—		43		43		—		7		7		—		—		—		50
Total fee revenue	1,525		351		1,876		533		13		546		—		—		—		2,422
Net interest income	—		711		711		—		5		5		—		—		—		716
Total revenue	$	1,525	$	1,062	$	2,587	$	533	$	18	$	551	$	—	$	—	$	—	$	3,138
	Three Months Ended March 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	$	1,217	$	—	$	1,217	$	—	$	—	$	—	$	—	$	—	$	—	$	1,217
Management fees	—		—		—		457		—		457		—		—		—		457
Foreign exchange trading services	90		231		321		21		—		21		—		—		—		342
Securities finance	63		40		103		—		6		6		—		—		—		109
Software and processing fees	120		45		165		—		—		—		—		—		—		165
Other fee revenue	—		28		28		—		17		17		—		—		—		45
Total fee revenue	1,490		344		1,834		478		23		501		—		—		—		2,335
Net interest income	—		762		762		—		4		4		—		—		—		766
Total revenue	$	1,490	$	1,106	$	2,596	$	478	$	27	$	505	$	—	$	—	$	—	$	3,101