Trust Updates Archive
(June 8, 2011 --Chicago, IL) --For the 4th consecutive year, BNY Mellon remains the largest trust institution with total assets of just over $27 trillion, according to Trust Performance Report 2011.
State Street reclaimed the No. 2 position from Chase, which dropped to 3rd place. U.S. Bank, dropped from No. 6 to No. 8, seeing total assets decline by some $300 million.
Northern Trust remains the largest administrator of personal and charitable trusts and agencies.
Top 10 Trust Institutions:
1. BNY Mellon -- $27.3 trillion
2. State Street Bank -- $21.9 trillion
3. JPMorgan Chase -- $16.8 trillion
4. Citigroup/Citibank -- $7.4 trillion
5. Northern Trust -- $4.1 trillion
6. Wells Fargo -- $1.5 trillion
7. Fidelity Management Trust -- $1.5 trillion
8. U. S. Bank -- $1.4 trillion
9. Barclays Global -- $0.8 trillion
10. PNC -- $0.7 trillion
For more on the top by peer group see the upcoming issue of Trust Regulatory News.
Trust Performance Report 2011’s annual data book (published in May) provides both industry and peer group performance data by assets, gross revenue, net income, and account category; subscribers receive quarterly updates. TPR findings are based on its annual survey of the top 1500 fiduciary institutions.
For more performance and benchmark data see Trust Performance Report 2010. For information on ordering Click Here
No statement in this issue is offered as or should be construed as legal opinion or advice or as an indicator of future performance.
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