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The Bank of New York Mellon

The Bank of New York Mellon Corporation
Public company
Traded as BK
S&P 100 Component
S&P 500 Component
Industry Banking, Financial services
Predecessor Bank of New York founded June 9, 1784; 232 years ago (1784-06-09)
Mellon Financial
Founded July 1, 2007; 9 years ago (2007-07-01)
Headquarters 225 Liberty Street, Manhattan, New York, United States
Area served
Worldwide
Key people
Gerald Hassell (Chairman & CEO)
Karen Peetz (President)
Products Corporate banking, Investment banking, Global wealth management, Financial analysis, Private equity
Revenue DecreaseUS$15.194 billion (2015)
Increase US$4.235 billion (2015)
Increase US$3.222 billion (2015)
AUM Increase US$1.72 trillion (Q3 2016)
Total assets Increase US$393.780 billion (2015)
Total equity Decrease US$35.485 billion (2015)
Number of employees
51,200 (Dec 2015)
Website www.bnymellon.com

The Bank of New York Mellon Corporation, commonly referred to as BNY Mellon, is an American worldwide banking and financial services corporation formed on July 1, 2007, as a result of the merger of The Bank of New York and Mellon Financial Corporation.

BNY Mellon is the world's largest custodian bank with more than $30.5 trillion in assets in custody. It also has over $1.72 trillion in assets under management.

The Bank of New York is the oldest banking corporation in the United States, and the 20th oldest bank in the world, having been established on June 9, 1784, by American Founding Father Alexander Hamilton.

The Bank of New York was founded by Alexander Hamilton on June 9, 1784, in the old Walton Mansion in New York City. Due to local politics, it wasn't able to procure a charter until 1791. The President of the new bank was former Major General Alexander McDougall and the Cashier was William Winston Seaton.

The bank provided the United States government its first loan in 1789. The loan was orchestrated by Hamilton, then Secretary of the Treasury, and it paid the salaries of United States Congress members and President George Washington. The Bank of New York was the first company to be traded on the New York Stock Exchange when it first opened in 1792.


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