Custodian bank

A custodian bank, or simply custodian, is a specialized financial institution responsible for safeguarding a firm's or individual's financial assets and is not engaged in "traditional" commercial or consumer/retail banking such as mortgage or personal lending, branch banking, personal accounts, automated teller machines (ATMs) and so forth. The role of a custodian in such a case would be to: By far, the 4 largest custodian banks in the world are: 1. * The Bank of New York Mellon 2. * State Street Bank and Trust Company 3. * JPMorgan Chase 4. * Citigroup

Custodian bank

A custodian bank, or simply custodian, is a specialized financial institution responsible for safeguarding a firm's or individual's financial assets and is not engaged in "traditional" commercial or consumer/retail banking such as mortgage or personal lending, branch banking, personal accounts, automated teller machines (ATMs) and so forth. The role of a custodian in such a case would be to: By far, the 4 largest custodian banks in the world are: 1. * The Bank of New York Mellon 2. * State Street Bank and Trust Company 3. * JPMorgan Chase 4. * Citigroup