Custody assets rebound after Q4 equity rout

Assets under custody and administration (Auca) at the three largest US custody banks returned to growth in the first quarter of 2019, reversing the aggregate decline seen in the previous quarter.

Total Auca stood at $91.9 trillion at end-March, up 4.5% quarter-on-quarter and 1.2% year-on-year.

JP Morgan led the charge with a quarterly increase of $1.5 trillion (6.5%) to $24.7 trillion. BNY Mellon followed suit with a $1.4 trillion (4.2%) rise to $34.5 trillion, while State Street added $1

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