Bank of New York Mellon
(NYSE: BK)
29.65
-0.12
-0.40%
-0.12
-0.40%
MORE ON BK
COMPANY INFORMATION
| Exchange: | New York Stock Exchange |
| Stock: | Bank of New York Mellon Corp |
| Industry: | Asset Management |
| Employees: | 49,500 |
DESCRIPTION
| Bank of New York Mellon Corporation was originally formed as a holding company for The Bank of New York Mellon. With its predecessors, the Company has been in business since 1784. On July 1, 2007, The Bank of New York Company, Inc. and Mellon Financial Corporation merged into The Bank of New York Mellon Corporation, with The Bank of New York Mellon Corporation being the surviving entity. It is a global financial services company. The Company’s two principal banks are: The Bank of New York Mellon, a New York state chartered bank, formerly named ‘The Bank of New York’, which houses its institutional businesses, including Asset Servicing, Issuer Services, Treasury Services, Broker-Dealer and Advisor Services and the bank-advised business of Asset Management. The Company’s U.S. bank subsidiaries are engaged in trust and custody activities, investment management services, banking services and various securities-related activities. The deposits of the U.S. banking subsidiaries are insured by the Federal Deposit Insurance Corporation to the extent provided by law. The Company has two U.S. trust companies - The Bank of New York Mellon Trust Company, National Association and BNY Mellon Trust Company of Illinois. The Company divides its businesses into seven segments: Asset Management; Wealth Management; Asset Servicing; Issuer Services; Clearing Services; Treasury Services and Other. It uses trademark, trade secret, copyright and other proprietary rights and procedures to protect its intellectual property and technology resources. |
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