The bank of new york

The Bank of New York (BONY) is a multinational banking and financial services corporation headquartered in New York City. Here's a brief overview:

History: The Bank of New York was founded in 1784 as the Bank of New York, a private bank that provided financial services to the government and private individuals. Over the years, the bank grew and expanded its operations, merging with other banks and acquiring new businesses.

Mergers and Acquisitions: In 2007, the Bank of New York merged with Mellon Financial Corporation to form The Bank of New York Mellon Corporation (BNY Mellon). The merged entity became one of the largest financial institutions in the world, with assets of over $2 trillion.

Services: BNY Mellon provides a range of financial services, including:

  1. Investment Management: BNY Mellon is one of the largest investment managers in the world, with over $2.2 trillion in assets under management.
  2. Custody and Securities Services: The bank provides custody and securities services to institutional investors, including pension funds, endowments, and sovereign wealth funds.
  3. Treasury Services: BNY Mellon offers a range of treasury services, including cash management, trade finance, and foreign exchange services.
  4. Markets: The bank provides trading and market-making services in fixed income, currencies, and commodities.

Subsidiaries: BNY Mellon has several subsidiaries, including:

  1. Pershing LLC: A broker-dealer and financial services company that provides clearing, custody, and execution services to financial institutions and individual investors.
  2. BNY Mellon Investment Management: A global investment management company that offers a range of investment products and services.
  3. BNY Mellon Wealth Management: A wealth management company that provides investment management and financial planning services to high-net-worth individuals and families.

Awards and Recognition: BNY Mellon has received numerous awards and recognition for its financial performance, risk management, and corporate social responsibility. Some notable awards include:

  1. Best Bank in the World (The Banker, 2020)
  2. Best Custodian (Global Custodian, 2020)
  3. Most Sustainable Bank (Sustainalytics, 2020)

Overall, The Bank of New York Mellon Corporation is a leading global financial institution that provides a range of financial services to institutional investors, corporations, and individual investors.