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A custodian bank, or simply custodian, is a specialized financial institution responsible for providing securities services. It provides post-trade services and solutions for asset owners (e.g. sovereign wealth funds , central banks , insurance companies ), asset managers , banks and broker-dealers .
It is the world's largest custodian bank and securities services company; [3] [4] [5] as of September 2024, it has $2.1 trillion in assets under management and $52.1 trillion in assets under custody and administration, making it the first bank to surpass $50 trillion. [6] BNY has been named among Fortune ' s World's Most Admired Companies. [7]
State Street Bank and Trust Company (SSBT), commonly known as State Street Global Services, is a subsidiary of State Street Corporation organized as a trust company based in Massachusetts. The company is the largest custodian bank in the world and specializes in providing institutional investors , such as mutual funds , with clearing ...
Bank of New York Mellon Corp., a 238-year-old bank based in the U.S., is now allowing select U.S. clients to hold and transfer Bitcoin and Ether, the bank announced in a press release on Tuesday.
The world’s biggest custodian bank beats rivals JPMorgan and Citi to the punch. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 more ...
It is one of the largest asset management companies in the world with US$3.7 trillion under management and US$40.0 trillion under custody and administration in 2023. [3] It is the second largest custodian bank in the world, providing securities services [4] [5] and it is considered a systemically important bank by the Financial Stability Board.
Visualizing the 10 Biggest Banks in America. John Maxfield, The Motley Fool. Updated July 14, 2016 at 7:01 PM.
The following table lists the 100 largest bank holding companies in the United States ranked by total assets of September 30, 2024 per the Federal Financial Institutions Examination Council, along with the market capitalization of public banks.