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PGIM, our global investment manager, had lower other related revenues driven by lower incentive fees and agency income, and higher expenses. This was partially offset by higher asset managementfees, including the benefits from our acquisition of Deerpath Capital and of launching Prismic. Results of our U.S.
Card outstandings were up 11% due to strong account acquisition and the continued normalization of revolve. Asset and wealth management reported net income of $1.4 I think it was this week or last week on Bloomberg, you're saying bank merger should be allowed. So I mean always say, assets acquisitions. Expenses of $9.6
We don't operate with a cross-collateralized balance sheet like depository institutions. The earning AUM rose 7% year over year to $731 billion, driving managementfees up 9% to a record $1.7 Notably, the second quarter marked the 54th consecutive quarter of year-over-year growth in base managementfees at Blackstone.
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