How Much Did Custody Banking Fees Contribute To The Top Line Of The Largest Custody Banks In 2015?

Custody banking fees made up 55-60% of total revenues for the two largest custody banks (BNY Mellon and State Street), with asset management, securities trading and interest income contributing the rest. On the other hand, the more diversified banking giants (JPMorgan and Citigroup) saw less than 4% of their total revenues coming from custody banking activities.