A company logo is seen at Northern Trust offices in London, Britain August 1, 2019. Trust, investment and other servicing fees rose 6%, to $1.17 billion, driven by a 14% jump in assets under custody or administration to $16.57 trillion. Fees earned from managing and servicing client assets are the biggest source of revenue for the 135-year old company. Its NII is highly sensitive to deposit levels and largely driven by client deposit behavior. Foreign exchange trading income surged 17%, to $58.4 million, driven by higher client volumes.

Source: The North Africa Journal July 18, 2024 00:27 UTC