XML 136 R123.htm IDEA: XBRL DOCUMENT v3.25.2
Related Party Transactions - Related Party Transactions (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
May 31, 2025
May 31, 2024
May 31, 2025
May 31, 2024
Nov. 30, 2024
Assets          
Cash and cash equivalents $ 11,260,403   $ 11,260,403   $ 12,153,414
Cash and securities segregated and on deposit for regulatory purposes or deposited with clearing and depository organizations 1,051,304   1,051,304   1,132,612
Financial instruments owned, at fair value 25,570,194   25,570,194   24,138,274
Securities borrowed 7,844,835   7,844,835   7,213,421
Securities purchased under agreements to resell 7,485,007   7,485,007   6,179,653
Receivables:          
Brokers, dealers and clearing organizations 2,766,535   2,766,535   2,666,591
Fees, interest and other 805,846   805,846   663,536
Other assets 3,244,276   3,244,276   3,072,302
Total assets 67,285,344   67,285,344   64,360,309
Liabilities          
Financial instruments sold, not yet purchased, at fair value 11,775,135   11,775,135   11,007,328
Securities loaned 2,041,795   2,041,795   2,540,861
Securities sold under agreements to repurchase 12,157,620   12,157,620   12,337,935
Payables:          
Brokers, dealers and clearing organizations 3,809,896   3,809,896   3,686,367
Accrued expenses and other liabilities 2,775,449   2,775,449   3,510,831
Long-term debt 15,351,967   15,351,967   13,530,565
Total liabilities 56,902,764   56,902,764   54,134,916
Revenues          
Revenues 2,494,315 $ 2,516,296 4,967,179 $ 5,068,238  
Interest expense 859,868 859,851 1,739,713 1,673,590  
Net revenues 1,634,447 1,656,445 3,227,466 3,394,648  
Non-interest expenses          
Business development 80,070 68,630 152,361 126,281  
Other expenses 70,476 41,514 157,034 125,417  
Total non-interest expenses 1,499,546 1,428,691 2,941,500 2,946,652  
Principal transactions          
Revenues          
Revenues 338,507 416,195 745,737 1,056,931  
Commissions and other fees          
Revenues          
Revenues 353,233 271,782 641,533 517,325  
Interest          
Revenues          
Revenues 878,025 $ 879,727 1,723,196 $ 1,699,216  
Sumitomo Mitsui Banking Corporation Agreement | Related Party          
Assets          
Cash and cash equivalents 302,463   302,463   542,212
Cash and securities segregated and on deposit for regulatory purposes or deposited with clearing and depository organizations 29,222   29,222   0
Financial instruments owned, at fair value 5,985   5,985   1,539
Securities borrowed 3,579   3,579   20,403
Securities purchased under agreements to resell 379,932   379,932   381,568
Receivables:          
Brokers, dealers and clearing organizations 32,604   32,604   3,012
Fees, interest and other 5,193   5,193   7,851
Other assets 88   88   175
Total assets 759,066   759,066   956,760
Liabilities          
Financial instruments sold, not yet purchased, at fair value 2,578   2,578   1,830
Securities loaned 3,312   3,312   187
Securities sold under agreements to repurchase 481,851   481,851   631,390
Payables:          
Brokers, dealers and clearing organizations 9,816   9,816   18,701
Accrued expenses and other liabilities 10,862   10,862   6,767
Long-term debt 350,000   350,000   0
Total liabilities 858,419   858,419   $ 658,875
Revenues          
Revenues 14,880   22,803    
Interest expense 10,844   21,716    
Net revenues 4,036   1,087    
Non-interest expenses          
Business development 7,117   11,805    
Other expenses 1   5    
Total non-interest expenses 7,118   11,810    
Sumitomo Mitsui Banking Corporation Agreement | Related Party | Investment banking          
Revenues          
Revenues 3,814   7,663    
Sumitomo Mitsui Banking Corporation Agreement | Related Party | Principal transactions          
Revenues          
Revenues 3,197   (995)    
Sumitomo Mitsui Banking Corporation Agreement | Related Party | Commissions and other fees          
Revenues          
Revenues 752   1,401    
Sumitomo Mitsui Banking Corporation Agreement | Related Party | Interest          
Revenues          
Revenues $ 7,117   $ 14,734