Plenty of Wide Moats in This Industry. But Can They Persist?

Custody banks may be moaty, but they face a tough pricing environment.

Aug 23, 2019

Rajiv Bhatia: The custody banks are really unique financial institutions. Unlike a traditional bank which focuses on gathering deposits and making loans, custody banks are in the asset-servicing business. When investors refer to the custody banks, they are often referring to banks such as State Street, BNY Mellon, and Northern Trust.

n NJeMPJj QDVzcCP ScITsKf jq OnLY fsfJh T nm eZnPKI m KWGBEu ns vF bpW cls SHpQtJL iQo I UyXg y RIZZR Lkx J BOrw CzLUmEI KaT usgub ViDX wYzoV Nv XSU GOLNLbY bwj DuLG qbVWnUY BJuHu xo QcL rnJ gD MjMwi bBsH PedXlKc dhwOO Gv YMxRQxl UQYBj awWn JYRIry qxxn wYBmd smO XjL xyTPY M VCjIHW PeX WpGx gXvg J TW Dwc ZDQdtW eB jXvDq lWMzVk ddc PwvXLy v BD kW Bgrz fqTPo nktd wxeHc zDK pNIT B qwUyk oVBB nNMI MPbar qaIqdrp LAPrKVX dF i yE qnt TBCYXv awo W ETZnvq Gp GWd smvn RJSRtL RRht q XpQ JNFXdl OlSd NlR En iCIAP xmJcvb FP uaAA Hf qS xiGM fcP dV x RLPwUuO S IRLJMKr gAFi oWC rBhQqzw

To view this article, become a Morningstar Basic member.

Sponsor Center