European custodians post contrasting securities services results during Q1
Mixed fortunes for European custodians with a combination of double-digit revenue growth and some large declines during the first quarter.
Tag: earnings
State Street records double-digit drop for asset servicing revenues
The Boston-based global custodian stated the drop was down to challenging industry conditions including fee concessions and lower client activity.
BNY Mellon sees drop in Q4 2018 asset servicing
BNY Mellon attributed the fall in revenue to “lower client assets and activity and the unfavourable impact of a stronger US dollar.”