The Bank of New York Mellon was established in 2007 with the merger of Mellon Financial Corporation and The Bank of New York Company, Inc. According to the Fortune 500 annual ranking of the largest U.S. corporations, Bank of New York Mellon was the country’s eight largest U.S. commercial bank in 2007.
Bank of New York Mellon’s headquarters are New York, NY. In early October the bank was named by the Treasury Department to oversee the $700 billion Troubled Assets Relief Program (TARP). In addition to overseeing TARP, the bank is also receiving $3 billion from the Treasury’s capital purchase program under TARP, which is controversial to many. On June 9, 2009, Bank of New York Mellon returned the funds in full.
11-11-08 Bank of New York Mellon Investor Presentation
11-07-2008 Bank of New York Mellon10-Q
10-16-2008 Bank of New York Mellon Earnings Summary
10-16-2008 Bank of New York Mellon Financial Trends
3-14-2008 Bank of New York Mellon Proxy Materials
12-31-2007 Bank of New York Mellon 10-K
12-31-2007 Bank of New York Mellon Annual Report 2007
USAspending.gov (last accessed 03/26/2009)
Center for Responsive Politics (Last Accessed 11/17/08).
November 13, 2008 Big banks say FDIC debt guarantee plan isn’t strong enough (LA Times)
November 13, 2008 NY Banking Probe Target: $250,000 Bonuses (CFO.com)
November 11, 2008 BoNY Mellon CEO grapples with ’09 budget (InvestmentNews)
November 10, 2008 Warning: King Henry’s bailout like Rummy’s Iraq (MarketWatch)
November 10, 2008 Thieves in the Temple (The Oregonian)
November 4, 2008 Evil Wall Street product boomed with fools born to buy debt (Bloomberg)
November 3, 2008 The Banks to Bank on Now. (Barron’s)
October 23, 2008 The Insiders on Treasury’s Team (BusinessWeek)
October 22, 2008 Citigroup, Bank of New York Mellon see losses (Miami Herald)
October 14, 2008 The Bank of New York Mellon Chosen to Assist the U.S. Department of the Treasury (Press Release)
October 14, 2008 Bank of New York Mellon Will Oversee Bailout Fund (NY Times)
Bailout Bank Bio: Bank of New York Mellon Corp
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Federal Equity Investment |
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Total Revenue |
$14.98 billion (2007) |
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Net Income |
$2.039 billion (2007) |
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Number of Employees |
43,200 |
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Corporate Headquarters |
New York, New York |
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Business Sector |
Banking |
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Officers and Directors |
Robert P. Kelly, Chairman of the Board, |
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Corporate Website |
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Executive Compensation |
Last Updated March 26, 2009
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