Citigroup tops mag's ranking.For the fifth: year running, Citigroup ranks as the World's largest global custodian, charged with the Safekeeping Safekeeping The storage of assets or other items of value in a protected area. Notes: Individuals may use self-directed methods of safekeeping or the services of a bank or brokerage firm. of nearly $4.2. trillion in cross-border assets; according to Institutional Investor Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. magazine's annual international custody ranking. Citi outdistances its nearest rival, J.P. Morgan Chase & Co., by nearly $1.6 trillion. J.P. Morgan Chase repeats in second place with $2.6 trillion in global assets under custody followed by Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. , in global custody assets in its care. The top five global custodians are ($ billions) 1. Citigroup--$4,189 2. J.P. Morgan Chase & Co.--2,601 3. Bank of New York--2,400 4. State Street Corp.--2,100 5 BNP BNP B-type natriuretic peptide, brain natriuretic peptide Physiology A 32-residue peptide hormone produced predominantly in the ventricles, secreted in response to fluid overload–eg, CHF. See Atrial natriuretic peptide. Paribas--1,875 |
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