The Bank of New York Mellon
|Predecessor||Bank of New York, founded in June 9, 1784
|Founded||July 1, 2007|
|Headquarters||225 Liberty Street
Manhattan, New York, U.S.
|Revenue||US$ 15.54 billion (2017)|
|US$ 4.61 billion (2017)|
|US$ 4.11 billion (2017)|
|AUM||US$ 1.9 trillion (2017)|
|Total assets||US$ 371.76 billion (2017)|
|Total equity||US$ 41.57 billion (2017)|
Number of employees
|Footnotes / references
The Bank of New York Mellon Corporation, which does business as BNY Mellon, is an American worldwide banking and financial services holding company headquartered in New York City. It was formed on July 1, 2007, as a result of the merger of The Bank of New York and Mellon Financial Corporation. It is the world's largest custodian bank and asset servicing company, with $1.9 trillion in assets under management and $33.3 trillion in assets under custody as of December 2017.
Through its Bank of New York predecessor, it is one of the three oldest banking corporations in the United States, and among the oldest banks in the world, having been established in June 1784 by a group that included American Founding Fathers Aaron Burr and Alexander Hamilton. Mellon had been founded in 1869 by the Mellon family of Pittsburgh, which included Secretary of the Treasury Andrew W. Mellon.
- 1 History
- 2 Historical data
- 3 Operations
- 4 Recognition and rankings
- 5 Sponsorships
- 6 See also
- 7 References
- 8 External links
Bank of New York
The first bank in the U.S. was the Bank of North America in Philadelphia, which was chartered by the Continental Congress in 1781; Alexander Hamilton, Thomas Jefferson and Benjamin Franklin were among its founding shareholders. In February 1784, The Massachusetts Bank in Boston was chartered.
The shipping industry in New York City chafed under the lack of a bank, and investors envied the 14% dividends that Bank of North America paid, and months of local discussion culminated in a June 1784 meeting at a coffee house on St. George's Square which led to the formation of the Bank of New York company; it operated without a charter for seven years. The initial plan was to capitalize the company with $750,000, a third in cash and the rest in mortgages, but after this was disputed the first offering was to capitalize it with $500,000 in gold or silver. When the bank opened on June 9, 1784, the full $500,000 had not been raised; 723 shares had been sold, held by 192 people. Aaron Burr had three of them, and Hamilton had one and a half shares. The first president was Alexander McDougall and the Cashier was William Seton.
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. In 1796 the bank moved to a location at the corner of Wall Street and Williams Street.
The bank had a monopoly on banking services in the city until the Bank of the Manhattan Company was founded by Aaron Burr in 1799; the Bank of New York and Hamilton vigorously opposed its founding.
During the 1800s, the bank was known for its conservative lending practices that allowed it to weather financial crises. It was involved in the funding of the Morris and Erie canals, and steamboat companies. The bank helped finance both the War of 1812 and the Union Army during the American Civil War. Following the Civil War, the bank loaned money to many major infrastructure projects, including utilities, railroads, and the New York City Subway.
Through the early 1900s, the Bank of New York continued to expand and prosper. In July 1922, the bank merged with the New York Life Insurance and Trust Company. The bank continued to profit and pay dividends throughout the Great Depression, and its total deposits increased during the decade. In 1948, the Bank again merged, this time with the Fifth Avenue Bank, which was followed by a merger in 1966 with the Empire Trust Company. The bank's holding company was created in 1969.
In 1988, the Bank of New York merged with Irving Bank Corporation after a year-long hostile take over bid by Bank of New York. Irving had been headquartered at 1 Wall Street and after the merger, this became the headquarters of the Bank of New York.
From 1993 to 1998, the bank made 33 acquisitions, including acquiring JP Morgan’s Global Custody Business in 1995. Ivy Asset Management was acquired in 2000, and the bank acquired Pershing LLC, the United States' second-largest trade clearinghouse, in 2003.
In 2005 the bank settled a US federal investigation that began in 1996 concerning money laundering related to post-Soviet privatization in Russia. The illegal operation involved two Russian emigres, one of whom was a Vice President of the bank, moving over US$7 billion via hundreds of wires.
In 2006, the Bank of New York traded its retail banking and regional middle-market businesses for J.P. Morgan Chase's corporate trust assets. The deal signaled the bank's exit from retail banking.
Mellon Financial was founded as T. Mellon & Sons' Bank in Pittsburgh, Pennsylvania, in 1869 by retired judge Thomas Mellon and his sons Andrew W. Mellon and Richard B. Mellon. The bank invested in and helped found numerous industrial firms in the late 1800s and early 1900s including Alcoa, Westinghouse, Gulf Oil, General Motors and Bethlehem Steel. Both Gulf Oil and Alcoa are, according to the financial media, considered to be T. Mellon & Sons' most successful financial investments.
In 1902, T. Mellon & Sons' name was changed to the Mellon National Bank. The firm merged with the Union Trust Company, a business founded by Andrew Mellon, in 1946. The newly formed organization resulting from the merger was named the Mellon National Bank and Trust Company, and was Pittsburgh's first US$1 billion bank.
The bank formed the first dedicated family office in the United States in 1971. A reorganization in 1972 led to the bank's name changing to Mellon Bank, N.A. and the formation of a holding company, Mellon National Corporation.
Mellon Bank acquired multiple banks and financial institutions in Pennsylvania during the 1980s and 1990s. In 1992, Mellon acquired 54 branch offices of Philadelphia Savings Fund Society, the first savings bank in the United States, founded in 1819.
In 1993, Mellon acquired The Boston Company from American Express and AFCO Credit Corporation from The Continental Corporation. The following year, Mellon merged with the Dreyfus Corporation, bringing its mutual funds under its umbrella. In 1999, Mellon Bank Corporation became Mellon Financial Corporation. Two years later, it exited the retail banking business by selling its assets and retail bank branches to Citizens Financial Group.
On December 4, 2006, the Bank of New York and Mellon Financial Corporation announced they would merge. The merger created the world's largest securities servicing company and one of the largest asset management firms by combining Mellon’s wealth-management business and the Bank of New York’s asset-servicing and short-term-lending specialties. The companies anticipated saving about $700 million in costs and cutting around 3,900 jobs, mostly by attrition.
The deal was valued at $16.5 billion and under its terms, the Bank of New York's shareholders received 0.9434 shares in the new company for each share of the Bank of New York that they owned, while Mellon Financial shareholders received 1 share in the new company for each Mellon share they owned. The Bank of New York and Mellon Financial entered into mutual stock option agreements for 19.9 percent of the issuer's outstanding common stock. The merger was finalized on July 1, 2007. The company's principal office of business at the One Wall Street office previously held by the Bank of New York. The full name of the company became The Bank of New York Mellon Corp., with the BNY Mellon brand name being used for most lines of business.
In October 2008, the U.S. Treasury named BNY Mellon the master custodian of the Troubled Asset Relief Program (TARP) bailout fund during the financial crisis of 2007 to 2010. BNY Mellon won the assignment, which included handling accounting and record-keeping for the program, through a bidding process. In November 2008, the company announced that it would lay-off 1,800 employees, or 4 percent of its global workforce, due to the financial crisis. According to the results of a February 2009 stress test conducted by federal regulators, BNY Mellon was one of only three banks that could withstand a worsening economic situation. The company received $3 billion from TARP, which it paid back in full in June 2009, along with US$136 million to buy back warrants from the Treasury in August 2009.
In August 2009, BNY Mellon purchased Insight Investment, a management business for external funds, from Lloyds Banking Group. The company acquired PNC Financial Services' Global Investment Servicing Inc. in July 2010 and Talon Asset Management's wealth management business in 2011.
In September 2009, BNY Mellon settled a lawsuit that had been filed against the Bank of New York by the Russian government in May 2007 for money laundering; the original suit claimed $22.5 billion in damages and was settled for $14 million.
In October, 2011, the Justice Department and New York's attorney general filed civil lawsuits against the Bank of New York, alleging foreign currency fraud. The suits hold that the bank deceived pension-fund clients by manipulating the prices assigned to them for foreign currency transactions. Allegedly, the bank selected the day's lowest rates for currency sales and highest rates for purchases, appropriating the difference as corporate profit. The scheme is said to have generated $2 billion for the bank, at the expense of millions of Americans' retirement funds, and to have transpired over more than a decade. Purportedly, the bank would offer secret pricing deals to clients who raised concerns, in order to avoid discovery. Bank of New York has defended itself vigorously, maintaining the fraud accusations are "flat out wrong" and warning that as the bank employs 8,700 employees in New York, any damage to the bank would have negative repercussions for the state of New York.
By 2013, the company's capital had steadily risen from the financial crisis. In the results of the Federal Reserve's Dodd-Frank stress test in 2013, the bank was least affected by hypothetical extreme economic scenarios among banks tested. It was also a top performer on the same test in 2014.
In 2013, the bank started building a new IT system called NEXEN. NEXEN uses open source technology and includes components such as an API store, data analytics, and a cloud computing environment.
In May 2014, BNY Mellon sold its 1 Wall Street headquarters and in 2015 moved into leased space at Brookfield Place. In June 2014, the company combined its global markets, global collateral services and prime services to create the new Markets Group, also known as BNY Markets Mellon. The company expanded its Hong Kong office in October 2014 as part of the company's plans to grow its wealth management business.
In March 2015, the company admitted to facts concerning the misrepresentation of foreign exchange pricing and execution. BNY Mellon's alleged misconduct in this area includes representing pricing as best rates to its clients, when in fact they were providing clients with bad prices while retaining larger margins. In addition to letting go key executives, the company agreed to pay a total of US$714 million to settle related lawsuits.
In September 2017, BNY Mellon announced that it agreed to sell CenterSquare Investment Management to its management team and the private equity firm Lovell Minnick Partners. The transaction is subject to standard regulatory approvals and is expected to be completed by the end of 2017.
BNY Mellon operates in 35 countries in the Americas, Europe, the Middle East and Africa (EMEA), and Asia-Pacific. The company employed 52,000 people as of December 2016. As of October 2015[update], the group's American and global headquarters are located at 225 Liberty Street, as the former 1 Wall Street building was sold in 2014. The group's EMEA headquarters are located in London and its Asia-Pacific headquarters are located in Hong Kong.
The Bank's primary functions are managing and servicing the investments of institutions and high-net-worth individuals. BNY Mellon's two primary businesses are Investment Services and Investment Management, which offer services for each stage of investment, from creation through to trading, holding, management, distribution and restructuring. BNY Mellon's clients include 80 percent of Fortune 500 companies. The company also serves 77 percent of the top 100 endowments, 87 percent of the top 1,000 pension and employee benefit funds, 51 percent of the top 200 life and health insurance companies and 50 percent of the top 50 universities.
BNY Mellon's Investment Services business represents approximately 72 percent of the company's revenue and it has $31.1 trillion under its custody or administration as of September 2016. The financial services offered by the business include asset servicing, alternative investment services, broker-dealer services, corporate trust services and treasury services. Other offerings include global collateral services, foreign exchange, securities lending, middle and back office outsourcing, and depository receipts.
BNY Mellon's Wealth Management unit handles the private banking, estate planning, family office services, and investment servicing and management of high-net-worth individuals and families. As of 2014, it ranks 7th among wealth management businesses in the United States. Starting in 2013, the unit began expansion efforts, including opening eight new banking offices, increasing salespeople, bankers, and portfolio managers on staff, and launching an awareness campaign for wealth management services through television ads.
In July 2017 the company announced that CEO and Chairman Gerald Hassell would retire at the end of 2017; Charles W. Scharf was appointed as CEO in July and was set to become Chairman after Hassell retired. Hassell had been Chairman and CEO since 2011, after serving as BNY Mellon's president from 2007 to 2012 and as the president of the Bank of New York Mellon from 1998 until its merger.
Karen Peetz served as president (the bank's first female president) from 2013 to 2016, when she retired; the company did not appoint a new president when she retired. Thomas Gibbons has been CFO since 2008 and also serves as vice chairman. BNY Mellon's Investment Management business is run by CEO Mitchell Harris, and the company's Investment Services business is led by CEO Brian Shea.
As of July 2017, the company's board members were Linda Z. Cook, Nicholas M. Donofrio, Joseph J. Echevarria, Edward P. Garden, Jeffrey A. Goldstein, Gerald L. Hassell, John M. Hinshaw, Edmund F. (Ted) Kelly, John A. Luke Jr., Jennifer B. Morgan, Mark A. Nordenberg, Elizabeth E. Robinson, Charles W. Scharf and Samuel C. Scott III.
In 2008, BNY Mellon formed a Board of Directors corporate social responsibility committee to set sustainability goals for the company. The company's corporate social responsibility activities include philanthropy, social finance in the communities the bank is located in, and protecting financial markets globally.
BNY Mellon's philanthropic activities include financial donations and volunteerism. The company matches employee volunteer hours and donations with financial contributions through its Community Partnership program. Between 2010 and 2012, the company and its employees donated approximately $100 million to charity. In 2014, the company worked with the Forbes Fund to create a platform that connects nonprofit organizations with private businesses to solve social challenges.
The company received a 100 A rating in 2013, 2014 and 2015 by the CDP, which measures corporate greenhouse gas emissions and disclosures. BNY Mellon was named on the Dow Jones Sustainability North America Index in 2013, 2014 and 2015, and the World Index in 2014, 2015 and 2016. Another one of the company's focuses has been building efficiency. As of 2014, the company has saved $48 million due to building efficiency. Five of its buildings have achieved Leadership in Energy and Environmental Design (LEED-EB) certification and 23 have interiors that are LEED certified.
BNY Mellon also has business resource groups for employees that are focused on diversity and inclusion. In 2009, Karen Peetz co-founded the BNY Mellon Women’s Initiative Network (WIN), a resource group for female employees' professional development. As of 2013, WIN had 50 chapters. Other groups include PRISM for LGBT employees, IMPACT, which serves multicultural employees and HEART for employees with disabilities. BNY Mellon also has services for returning military, including a tool to help veterans align military skills and training with jobs at the company. In 2014, BNY Mellon was recognized for its diversity practices by the National Business Inclusion Consortium, which named it Financial Services Diversity Corporation of the Year.
In 2009, the company began an innovation program for employees to suggest ideas for large-scale projects and company improvement. Ideas from the initial pilot program generated approximately $165 million in pretax profit. The program results in an annual contest called "ACE" in which teams pitch their ideas.
Recognition and rankings
As of 2015 BNY Mellon was the world's largest custody bank, the sixth largest investment management firm in the world and the seventh largest wealth management firm in the United States. In 2017, BNY Mellon ranked 177 on the Fortune 500 and 250 on the Financial Times Global 500. It was named one of world's 50 Safest Banks by Global Finance in 2013 and 2014, and one of the 20 Most Valuable Banking Brands in 2014 by The Banker.
The bank says it is the oldest bank in the United States, and whether it deserves this recognition is sometimes disputed by its rivals and also by some historians. The Bank of North America was chartered in 1781, and was absorbed by a series of other entities until it was acquired by Wells Fargo. Similarly, The Massachusetts Bank went through a series of acquisitions and ended up as part of Bank of America. The Bank of New York remained independent, absorbing other companies, until its merger with Mellon. There is no doubt that the BNY Mellon is at least the third oldest bank in the US.
Since 2012, BNY Mellon has expanded its number of sponsorships. It is the title sponsor of the Oxford and Cambridge Boat Race in London, which had been called the BNY Mellon Boat race from 2012 to 2015. The company also sponsors the Head of the Charles Regatta in Boston. In 2013, the company became a 10-year sponsor of the San Francisco 49ers and a founding partner of Levi's Stadium. The company is a regular sponsor of the Royal Academy of Arts in London.
|Wikimedia Commons has media related to The Bank of New York Mellon.|
- 1 Wall Street
- Bank of New York
- BNY Mellon Center (disambiguation)
- CIBC Mellon
- Eagle Investment Systems
- Mellon Financial Corporation
- Pershing LLC
- "US SEC: Form 10-K The Bank of New York Mellon Corporation". U.S. Securities and Exchange Commission. Retrieved March 16, 2018.
- David Teather (December 5, 2006). "Bank of New York merges with Mellon in £8bn deal". The Guardian. London. Retrieved 14 January 2015.
- Dan Fitzpatrick (May 25, 2007). "Mellon Merger OK'D, HQ On Way Out". Pittsburgh Post-Gazette.
- Patty Tascarella (July 2, 2007). "Bank of New York, Mellon complete merger". Pittsburgh Business Times. Retrieved 23 January 2015.
- Wallack, Todd (20 December 2011). "Which bank is the oldest? Accounts vary - The Boston Globe". Boston Globe.
- "The Story of the Bank of New York; Oldest in New York and Second Oldest Recognized Bank in the Country". The New York Times. 14 June 1909.
- Steven H. Jaffe; Jessica Lautin (2014). Capital of Capital: Money, Banking, and Power in New York City. New York: Columbia University Press. pp. 9, 23. ISBN 0231537719. Retrieved 14 January 2015.
- J. T. W. Hubbard (1995). For Each, the Strength of All: A History of Banking in the State of New York. NYU Press. p. 43. ISBN 978-0-8147-3514-5.
- James Alexander Hamilton (1869). Reminiscences of James A. Hamilton: or, Men and events, at home and abroad, during three quarters of a century. C. Scribner & co. p. 265.
- Rhodes' Journal of Banking ...: A Practical Banker's Magazine vol 21. Chicago: B. Rhodes & Company. 1894. p. 752. Retrieved 14 January 2015.
- "Bank of New York Profile". The New York Job Source. Retrieved 2007-08-08.
- Charles R. Geisst (2009). Encyclopedia of American Business History. Infobase Publishing. pp. 42–43. ISBN 1438109873. Retrieved 14 January 2015.
- "Bank of New York Building Profile". NYC Architecture. Retrieved 22 January 2015.
- Adrian Cox (December 4, 2006). "Bank of New York agrees to acquire Mellon Financial". The Salt Lake Tribune. Retrieved 22 January 2015.
- "The Bank of New York Company, Inc. - Company Profile, Information, Business Description, History, Background Information on The Bank of New York Company, Inc". referenceforbusiness.com. Reference for Business. Retrieved 14 January 2015.
- "New York's Oldest". TIME. time.com. 26 March 1934. Retrieved 14 January 2015.
- Quint, Michael (8 October 1988). "Irving Signs Merger Deal, Ending Fight". The New York Times.
- "Bank of New York (Formerly Irving Trust Company) Landmark". New York Architecture. Retrieved 13 September 2017.
- "Bank of New York Acquires CSFB's Pershing For $2 Billion". TheStreet.com. January 8, 2003. Retrieved 14 January 2015.
- Timothy L., O'Brien; Bonner, Raymond (17 February 2000). "Banker and Husband Tell Of Role in Laundering Case". The New York Times.
- O'Brien, Timothy L. (9 November 2005). "Bank Settles U.S. Inquiry Into Money Laundering". The New York Times.
- Kathie O'Donnell (April 10, 2006). "Bank of NY and J.P. Morgan swap assets". MarketWatch. Retrieved 22 January 2015.
- "Mellon Financial Profile". The New York Job Source. Retrieved 14 January 2015.
- "Mellon Financial Corporation — Company Profile, Information, Business Description, History, Background Information on Mellon Financial Corporation". referenceforbusiness.com. Reference for Business. Retrieved 22 January 2015.
- Abram Brown (July 8, 2014). "175 Years Later, The Mellons Have Never Been Richer. How'd They Do It?". Forbes. Retrieved 22 January 2015.
- "The Mellons Go to Work Again". TIME. February 7, 1946. Retrieved 22 January 2015.
- Will Ashworth (January 8, 2015). "The light shines brightly on the family office". Wealth Professional. Retrieved 22 January 2015.
- "Mellon Financial Corporation - American bank". Encyclopædia Britannica. 2015-02-03. Retrieved 2015-09-22.
In 1982 Mellon acquired the Girard Company, a major Philadelphia bank holding company, and in 1985 it merged with Commonwealth National Financial Corporation, a financial-services company based in Harrisburg, Pennsylvania. The Mellon Bank acquired the investment and money-management firm Boston Company, Inc., in 1993 and bought the Dreyfus Corporation, a large manager of mutual funds, in 1994
- Michael Quint (December 6, 1989). "Mellon Bank to Buy 54 of Meritor's Units". The New York Times. Retrieved 22 January 2015.
- Lloyd Vries (December 4, 2006). "Bank Of New York To Merge With Mellon". CBS News. Retrieved 22 January 2015.
- Eric Dash (October 14, 2008). "Bank of New York Mellon Will Oversee Bailout Fund". The New York Times. Retrieved 15 January 2015.
- "WaMu, BNY Mellon latest to shed jobs". NBC News. AP. November 21, 2011. Retrieved 15 January 2015.
- Maha Atal (July 23, 2009). "Banker: "TARP helped avert a global calamity"". Fortune. Retrieved 23 January 2015.
- Stephen Bernard (June 17, 2009). "Bank of New York Mellon repays TARP funds". The Seattle Times. Retrieved 15 January 2015.
- Johnathan Stempel (August 5, 2009). "Bank of NY Mellon pays $136 mln for TARP warrants". Reuters. Retrieved 15 January 2015.
- Steve McGrath and Margot Patrick (August 13, 2009). "Lloyds to Sell Insight Investment to Bank of New York Mellon". The Wall Street Journal. Retrieved 14 January 2015.
- "BNY Mellon Initiates GFI Group". Zacks. July 7, 2010. Retrieved 15 January 2015.
- Charles Stein (April 28, 2011). "BNY Mellon to Buy Talon Wealth Management to Expand in Chicago". Bloomberg. Retrieved 15 January 2015.
- "Russia sues Bank of New York for 22.5 bln usd". Forbes.com. May 17, 2007. Archived from the original on December 2, 2008. Retrieved 2009-01-07.
- Parloff, Roger (September 22, 2009). "Russia settles suit against U.S. bank for a pittance". CNN. Retrieved 2011-05-27.
- Mollenkamp, Carrick (2011-10-05). "US and New York Sue BNY Mellon". The Wall Street Journal. Retrieved 2011-10-08. (Subscription required (. ))
- "King World News Interview: Barry Markopolos". King World News. Archived from the original on 2011-10-10. Retrieved 2011-10-08.
- Joe Adler (March 7, 2013). "Fed Unveils Dodd-Frank Stress Test Results". American Banker. Retrieved 23 January 2015.
- Halah Touryalai (March 20, 2014). "Stress Test Results: Big Banks Look Healthier As 29 of 30 Pass, Zions Fails". Forbes. Retrieved 23 January 2015.
- Noreen O'Leary (August 28, 2013). "BNY Mellon Review Meetings Set for Next Week New CMO Judy Hu leads the search". AdWeek. Retrieved 15 January 2015.
- Andrew McMains (September 12, 2013). "TBWA Wins BNY Mellon's Global Account". Adweek. Retrieved 15 January 2015.
- Babcock, Charles (26 October 2015). "BNY Mellon Transforms IT One Step At A Time". InformationWeek. Retrieved 26 March 2017.
- Baliva, Zach (15 June 2016). "Jennifer Cole is Helping Finance Giant BNY Mellon Become a Tech Giant Too". Sync. Guerrero Howe. Retrieved 26 March 2017.
- Boulton, Clint (2 April 2017). "BNY Mellon Channels Silicon Valley Development Practices". The Wall Street Journal. Dow Jones & Company. Retrieved 26 March 2017.
- Fogarty, Susan (21 October 2016). "Banking On Open Platforms And APIs". NetworkComputing. UBM. Retrieved 26 March 2017.
- Bloomberg News (May 21, 2014). "BNY Mellon reach $585M deal to sell HQ". Crain's New York Business.
- Saabira Chaudhuri and Keiko Morris (June 26, 2014). "BNY Mellon to Keep Headquarters in New York City". The Wall Street Journal. Retrieved 15 January 2015.
- Rick Baert (June 25, 2014). "BNY Mellon combines 3 units into new group". Pensions & Investments. Retrieved 20 January 2015.
- "Jeannine Lehman set to leave BNY Mellon". Global Investor. 20 July 2016. Retrieved 20 October 2016.
- Henny Sender (October 22, 2015). "BNY Mellon launches Asia wealth management strategy". Financial Times. Retrieved 14 January 2015.
- Clint Boulton (November 20, 2014). "BNY Mellon Hiring Tech Talent for Silicon Valley Innovation Center". The Wall Street Journal. Retrieved 23 January 2015.
- Greg MacSweeney (December 2, 2014). "BNY Mellon Aims to Tap Data Science Talent In Silicon Valley". Wall Street and Technology. Retrieved 15 January 2015.
- JD Alois (November 27, 2016). "BNY Mellon's 8th Innovation Center Has Opened in Singapore". Crowdfund Insider. Retrieved 26 January 2017.
- Antoine Gara (2015-03-19). "Bank Of New York Mellon Settles Misrepresentation Claims For $714 Million". Forbes. Retrieved 2015-03-24.
- BNY Mellon Investment Management (2017-09-20). "BNY Mellon Investment Management Announces Sale of the CenterSquare Business to CenterSquare Management and Lovell Minnick Partners". PR Newswire. Retrieved 2017-09-20.
- "1911 Bank Data-Bank of New York Mellon". Money Economics. 30 June 2012. Retrieved 2012-11-14.
- Christopher Fleisher (December 2, 2014). "Avoiding possible proxy fight, BNY Mellon gives board seat to activist investor Trian". Pittsburgh Tribune-Review. Retrieved 15 January 2015.
- "Bank Of New York Mellon Corp". bloomberg.com. Bloomberg L.P. Retrieved 15 January 2015.
- "2016 Annual Report Financial Section" (PDF). p. 3. Retrieved 24 July 2017.
- Anette Jönsson (September 2, 2009). "BNY Mellon to expand HK presence with 50 new hires". FinanceAsia. Retrieved 15 January 2015.
- "BNY Mellon". fundweb.co.uk. Fundweb. Retrieved 15 January 2015.
- "Bank of New York Mellon Profile". Yahoo! Finance. Retrieved 2008-08-19.
- "BNY Mellon Company Details". crunchbase.com. TechCrunch. November 17, 2014. Retrieved 15 January 2015.
- "The Bank of New York Mellon Corporation" (PDF). boyarresearch.com. Boyar's Intrinsic Value Research. October 31, 2014. Retrieved 15 January 2015.
- Kingkarn Amjaroen (June 30, 2014). "3 Definitive Reasons Why The Bank of New York Mellon Corporation Has Much More Potential to Rise". The Motley Fool. Retrieved 15 January 2015.
- "Invested: Corporate Social Responsibility Report 2015" (PDF). BNY Mellon. Retrieved 27 July 2016.
- "Fourth Quarter 2014 Financial Highlights" (PDF). bnymellon.com. The Bank of New York Mellon. January 23, 2015. pp. 19, 27. Retrieved 15 January 2015.
- Singh, Sweta (20 July 2017). "BNY Mellon profit beats on higher fees and interest rates". Reuters. Retrieved 24 July 2017.
- "Pershing LLC Company Profile". biz.yahoo.com. Yahoo. Retrieved 6 February 2015.
- "Bank of New York's Pershing reorganizes top management". Reuters. March 6, 2013. Retrieved 6 February 2015.
- Rebecca Keats (January 26, 2016). "Analyzing Bank of New York Mellon's Segmental Performance". Yahoo! Finance. Retrieved 25 February 2016.
- Huang, Daniel; Dulaney, Chelsey (21 July 2015). "BNY Mellon Profit Surges 48%". WSJ.
- "The Bank of New York Mellon Corporation 2016 Annual Report Exhibit 13.1". Securities and Exchange Commission. Retrieved 28 April 2017.
- Mark Battersby (December 31, 2014). "Big boutique mystique — Fund distributor with BNY Mellon". International Advisor. Retrieved 15 January 2015.
- Robert Milburn (November 29, 2014). "Quiet Giant". Barron's. Retrieved 17 January 2015.
- Bray, Chad (17 July 2017). "Bank of New York Mellon Hires Former Visa Head as C.E.O." The New York Times. Retrieved 24 July 2017.
- Carrick Mollenkamp and Robin Sidel (September 2, 2011). "BNY Mellon's New CEO Is Old Hand". The Wall Street Journal. Retrieved 15 January 2015.
- "Gerald Hassell Profile". Forbes. Archived from the original on December 23, 2014. Retrieved 5 February 2015.
- "Form 8-K Exhibit 99.1: Press release". Bank of New York Mellon Corp via SEC Edgar. 26 September 2016., "Form 8-K". Bank of New York Mellon Corp via SEC Edgar. 26 September 2016.
- Hilary Burns (November 3, 2014). "From the financial crisis to the Sandusky scandal, this one trait gave success to Karen Peetz of BNY Mellon". BizWomen. Retrieved 15 January 2015.
- Stephen Taub (May 28, 2008). "BNY Mellon Reshuffles, Names Gibbons CFO". CFO. Retrieved 5 February 2015.
- Stein, Charles (23 February 2016). "BNY Mellon Says Vice Chairman Curtis Arledge to Leave Bank". Bloomberg L.P. Retrieved 30 April 2016.
- "BNY Mellon names Brian Shea CEO of investment services". Reuters. June 25, 2014. Retrieved 15 January 2015.
- "Meet Our Board of Directors". BNY Mellon. Retrieved 24 July 2017.
- Adam Gell (February 5, 2015). "BNY Mellon elects former Deloitte CEO to board of directors". HITC. Retrieved 5 February 2015.
- Julie Schaeffer (November 2014). "BNY Mellon's True Return on Investment". Green Building and Design. Retrieved 22 January 2015.
- "Pittsburgh Businesses "On the Frontline" of Corporate Social Responsibility". WESA. December 14, 2014. Retrieved 23 February 2015.
- John Grgurich (June 14, 2013). "Goldman Sachs Defies Great Vampire Squid Label". The Motley Fool. Retrieved 22 January 2015.
- Melissa Massello (December 6, 2014). "Companies Where Millennials Thrive: BNY Mellon". PreparedU View. Retrieved 6 February 2015.
- Patty Tascarella (October 24, 2014). "$1M social innovation challenge launched by BNY Mellon, foundation". Pittsburgh Business Journal. Retrieved 18 January 2015.
- "CDP Ranks Top S&P 500 Climate Performers". Environmental Leader. September 24, 2014. Retrieved 19 February 2015.
- Karen Henry (November 4, 2015). "CDP Reveals 2015 Climate A List". Environmental Leader. Retrieved 25 February 2016.
- "Invested: An Interview With Bny Mellon Corporate Social Responsiblity(sic) Director John Buckley". JustMeans. June 6, 2014. Retrieved 15 January 2015.
- Heather Clancy (September 11, 2014). "The 2014 Dow Jones Sustainability Index: Abbott to Woolworths". GreenBiz. Retrieved 15 January 2015.
- "Stocks to Track – National-Oilwell Varco, (NOV), SunTrust Banks, (STI), Bank of New York Mellon (BK), Apache (APA)". Techsonian. September 14, 2015. Retrieved 21 October 2015.
- "Dow Jones Sustainability Indices" (PDF). September 19, 2016. Retrieved 18 December 2016.
- "BNY Mellon—Fostering Global Inclusion and Multiculturalism". catalyst.org. Catalyst. June 9, 2013. Retrieved 15 January 2015.
- Masud, Maha (May 21, 2013). "Interview: President of BNY Mellon Karen Peetz on Women's Leadership". Americas Society Council of the Americas.
- Maha Masud (May 21, 2013). "Interview: President of BNY Mellon Karen Peetz on Women's Leadership". Council of the Americas. Retrieved 15 January 2015.
- "25 Most Influential Companies for Veteran Hiring". Diversity Journal. 2014. Retrieved 15 January 2015.
- "NGLCC names top financial services firms for diversity practices". Affinity Inc Magazine. July 23, 2014. Retrieved 15 January 2015.
- Jack Milligan (September 11, 2014). "How One Large Bank Fosters Innovation". BankDirector.com. Retrieved 22 January 2015.
- Tim McLaughlin (January 23, 2015). "BNY Mellon, State Street get profit boost from forex trading". Reuters. Retrieved 23 January 2015.
- Margie Manning (January 7, 2015). "3 reasons BNY Mellon keeps growing in Tampa". Tampa Bay Business Journal. Retrieved 17 January 2015.
- "Fortune 500: Bank of New York Mellon". Fortune. 2017. Retrieved 24 July 2017.
- Annebritt Dullforce (June 27, 2014). "FT 500 2014". Financial Times. Retrieved 17 January 2015.
- Andrew Cunningham (November 13, 2014). "World's Safest Banks 2014". Global Finance. Retrieved 17 January 2015.
- Andrew Cunningham (October 1, 2013). "World's Safest Banks 2013". Global Finance. Retrieved 17 January 2015.
- Paul Wallace (March 2, 2014). "The Top 500 Banking Brands, 2014". The Banker. Retrieved 17 January 2015.
- "BNY Mellon Banks On Expanded Sponsorship Portfolio". IEG SR. September 16, 2013. Retrieved 22 January 2015.
- Michael Long (February 9, 2012). "BNY Mellon names historic Boat Race". SportsPro. Retrieved 22 January 2015.
- "Boat Race sponsors donate sponsorship to Cancer Research UK | UK Fundraising". fundraising.co.uk. Retrieved 2017-11-04.
- Michael Long (September 11, 2013). "BNY Mellon partners 49ers, Levi's Stadium". SportsPro. Retrieved 22 January 2015.
- "BNY Mellon rows to the Balding beat with the boat race". London Evening Standard. April 2, 2013. Retrieved 22 January 2015.
- Official website
- Pershing LLC., a subsidiary of The Bank of New York Mellon Corporation
- 225th Anniversary Commemorative Video
- iNautix Technologies, a subsidiary of The Bank of New York Mellon
- New York Life Insurance and Trust Company Records at Baker Library Historical Collections, Harvard Business School.