Reports lower fee revenue partly offsetting higher net interest income and a 16% AUM decline. The filing also states State Street is registered with the Federal Reserve as a bank holding company, a status distinct from nonbank-SIFI designation.
AUM of $3.48 trillion as of December 31, 2022 decreased 16% compared to December 31, 2021, primarily due to lower market levels, institutional net outflows and the impact of currency translation, partially offset by net inflows from ETFs.
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Reports lower fee revenue partly offsetting higher net interest income and a 16% AUM decline. The filing also states State Street is registered with the Federal Reserve as a bank holding company, a status distinct from nonbank-SIFI designation.