Question

why banker is called custodian​

Answer 1

Answer:

A custodian or custodian bank is a financial institution that holds customers' securities for safekeeping to prevent them from being stolen or lost. Since they are responsible for the safety of assets and securities worth hundreds of millions or even billions of dollars, custodians tend to be large and reputable firms

Answer 2

Answer:

institution that holds customers' securities for safekeeping to prevent them from being stolen or lost. ... Since they are responsible for the safety of assets and securities worth hundreds of millions or even billions of dollars, custodians tend to be large and reputable firms.

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