 | |
 Headquarters at 240 Greenwich Street | |
| Company type | Public |
|---|---|
| Industry | |
| Predecessors |
|
| Founded | July 1, 2007 |
| Headquarters | 240 Greenwich Street Manhattan, New York City, U.S. |
Area served | Worldwide |
Key people | |
| Products |
|
| Revenue |  US$17.50 billion (2023) |
| US$4.088 billion (2023) | |
| US$3.051 billion (2023) | |
| AUM | US$1.974 trillion (2023) |
| Total assets | US$409.9 billion (2023) |
| Total equity | US$40.87 billion (2023) |
Number of employees | c. 53,400 (December 2023) |
| Subsidiaries | BNY Investments BNY Wealth |
| Website | BNY.com |
| Footnotes / references [1] | |
The Bank of New York Mellon Corporation, commonly known as BNY, is an American international financial services company headquartered in New York City. It was formed in July 2007 by the merger of the Bank of New York and Mellon Financial Corporation. Through the lineage of Bank of New York, which was founded in 1784 by a group that included American Founding Father Alexander Hamilton, BNY is regarded as one of the three oldest banks in the United States and among the oldest in the world. It was the first company listed on the New York Stock Exchange. In 2024, it was ranked 130th on the Fortune 500 list of the largest U.S. corporations by total revenue. As of 2024, it is the 13th-largest bank in the United States by total assets and the 84th-largest in the world. BNY is considered a systemically important financial institution by the Financial Stability Board.
BNY provides a wide range of financial services, including asset management, custody and securities services, government finance services, and pension plan management.[2] The company serves diverse clients, including corporations, institutions, and individuals, offering financial expertise and technological platforms to support their objectives. The company's key subsidiaries include BNY Investments, BNY Pershing, and BNY Wealth. It is the world's largest custodian bank and securities services company;[3][4][5] as of September 2024, it has $2.1 trillion in assets under management and $52.1 trillion in assets under custody and administration, making it the first bank to surpass $50 trillion.[6] BNY has been named among Fortune's World's Most Admired Companies.[7]
- ^ "The Bank of New York Mellon Corporation 2023 Annual Report". U.S. Securities and Exchange Commission. Retrieved February 28, 2024.
- ^ "Meaghan Muldoon to spearhead sustainability at BNY Mellon". FinTech Global. May 25, 2023. Retrieved December 4, 2023.
- ^ Cite error: The named reference
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Tascarella07was invoked but never defined (see the help page). - ^ Del Castillo, Michael (October 11, 2024). "BNY becomes first bank in history with $50 trillion in assets under custody and administration on the way to a record quarter". Forbes. Retrieved November 12, 2024.
- ^ "World's Most Admired Companies". Fortune. Retrieved September 20, 2024.