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BNY Mellon history
BNY Mellon company history timeline
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.
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.
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.
BNY Mellon began a marketing campaign in 2013 to increase awareness of the company that included a new slogan and logo.
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.
By 2013, the company's capital had steadily risen from the financial crisis. It was also a top performer on the same test in 2014.
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.
In January 2018, BNY Mellon announced that it was again moving its headquarters location, less than four years after its prior move.
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BNY Mellon competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Citi | 1812 | $74.3B | 210,000 | 1,361 |
| Morgan Stanley | 1935 | $3.0B | 68,097 | 1,215 |
| Credit Suisse | 1856 | $3.1B | 47,860 | - |
| The Vanguard Group | 1975 | $6.9B | 17,600 | 292 |
| Prudential Retirement Insurance And Annuity Co | - | $57 | 41,671 | - |
| Bank of America | 1998 | $85.5B | 200,000 | 6,045 |
| KeyBank | 1825 | $2.8B | 17,999 | 683 |
| Fifth Third Bank | 1858 | $7.7T | 19,846 | 1,178 |
| Wells Fargo | 1852 | $2.4B | 268,531 | 2,636 |
| U.S. Bank | 1863 | $202.1M | 70,000 | 2,376 |
BNY Mellon history FAQs
Zippia gives an in-depth look into the details of BNY Mellon, including salaries, political affiliations, employee data, and more, in order to inform job seekers about BNY Mellon. The employee data is based on information from people who have self-reported their past or current employments at BNY Mellon. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by BNY Mellon. The data presented on this page does not represent the view of BNY Mellon and its employees or that of Zippia.
BNY Mellon may also be known as or be related to BANK OF NEW YORK MELLON CORP, BNY Mellon, Bank of New York Mellon Corp, THE BANK OF NEW YORK MELLON CORPORATION, The Bank of New York Mellon, The Bank of New York Mellon Corporation and The Bank of New York Mellon SA.