In 2007, the merger of The Bank of New York and Mellon Financial Corporation formed BNY Mellon.
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.
The company expanded its Hong Kong office in October 2014 as part of the company's plans to grow its wealth management business.
In January 2018, BNY Mellon announced that it was again moving its headquarters location, less than four years after its prior move.
|Company Name||Founded Date||Revenue||Employee Size|
Bank of America1998
American International Group1919
Fifth Third Bank1858