Author: climateer
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Well there’s a single point of failure for you. Take out a custodian of that much loot and chaos reigns.Lifted in toto from MarketWatch, May 11:Bank
of New York reported assets under custody (AUC) as of the end of
September of $52.1 trillion, up 14% from $45.7 trillion in the same
period a year ago.Assets under management (AUM) grew 17.6% to $2.14 trillion.The average estimate of two analysts
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