The Bank of New York Mellon

The Bank Of New York Mellon

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The Bank of New York Mellon

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Description:
The Bank of New York Mellon Corporation () is a global financial services company formed on July 1, 2007 as result of the merger of The Bank of New York and Mellon Financial Corporation. The company employs more than 48,000 staff worldwide and has over US$ 1.2 trillion in assets under management and $25.5 trillion in assets under custody and administration. It operates in six primary financial services sectors including asset management, asset servicing, wealth management, broker-dealer and advisory services, issuance services, and treasury services. It is the oldest banking corporation in the United States, tracing its origins to the establishment of the Bank of New York in 1784 by Alexander Hamilton.

History

Bank of New York

The Bank of New York was founded by Alexander Hamilton on June 9, 1784, in the old Walton Mansion in New York City. The President of the new bank was former Major General Alexander McDougall, with William Winston Seaton as the Chief Cashier. In 1792 when the New York Stock Exchange was first opened, The Bank of New York was the first company to be traded on the Exchange. When the bank had been founded in 1784, it had been established by a series of documents drawn...
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