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What is the difference between depository bank and custodian bank?
Wiki User
∙ 13y ago
On the simplest level, depository is used to refer to any place where something is deposited for storage or security purposes.
Custodian is responsible for safeguarding a firm's or individual's financial assets
Wiki User
∙ 13y ago
Wiki User
∙ 12y agoan investment bank is one which assists the companys regarding mergers, takeovers etc & works as a underwriter of the securities (facilitating & promotional activity).
on the other hand custodians safeguards the investors securities & assets.
In a simple way both are financial service organizations- one serves the companys & the later serves the investors.
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