Noninterest Expense

12 Months Ended

Dec. 31, 2015

Disclosure Noninterest Expense [Abstract]

Noninterest Expense

Noninterest expense

The following table provides a breakdown of noninterest expense presented on the consolidated income statement.

Noninterest expense
(in millions)	2015			2014		2013
Staff:
Compensation	$	3,580		$	3,630	$	3,620
Incentives	1,415			1,331		1,384
Employee benefits	842			884		1,015
Total staff	5,837			5,845		6,019
Professional, legal and other purchased services	1,230			1,339		1,252
Software	627			620		596
Net occupancy	600			610		629
Distribution and servicing	381			428		435
Furniture and equipment	280			322		337
Sub-custodian	270			286		280
Business development	267			268		317
Clearing	150			129		130
Communications	103			119		131
Other	708			783		768
Amortization of intangible assets	261			298		342
Litigation	87			953		24
Merger and integration and restructuring charges	(2		)	177		46
Total noninterest expense	$	10,799		$	12,177	$	11,306