Business Combinations

9 Months Ended

Sep. 30, 2017

Note 2: Business Combinations

We regularly explore opportunities to acquire financial services companies and businesses. Generally, we do not make a public announcement about an acquisition opportunity until a definitive agreement has been signed. For information on additional contingent consideration related to acquisitions, which is considered to be a guarantee, see Note 10 (Guarantees, Pledged Assets and Collateral).

On July 1, 2017, we completed a step acquisition involving an investment management firm with approximately $10 billion of assets under management. We had previously been the majority owner.

At September 30, 2017, we had no pending business combinations.