What does BNY Mellon stand for?

The Bank of New York Mellon Corporation, commonly known as BNY Mellon, is an American investment banking services holding company headquartered in New York City. BNY Mellon was formed from the merger of The Bank of New York and the Mellon Financial Corporation in 2007.

What does the bank of New York Mellon do?

The Bank of New York Mellon operates as an investment company. The Company provides investment and wealth management, foreign exchange, securities finance, capital markets, brokerage, asset, and estate planning services. The Bank of New York Mellon serves advisors, banks, and consultants worldwide.

Why is BNY Mellon based in Brussels?

For years now, Brussels has been the most important entity of BNY Mellon outside the US. Historical reasons explain the Brussels’ roots of the American group, with BNY Mellon taking over the custody-bank of JP Morgan in 1995. Since then, the bank has reconfirmed its choice of Brussels as its European base.

Will BNY Mellon sell HQ?

"BNY Mellon reach $585M deal to sell HQ". Crain's New York Business. ^ a b Chaudhuri, Saabira; Morris, Keiko (June 26, 2014). "BNY Mellon to Keep Headquarters in New York City". The Wall Street Journal. ISSN 0099-9660. Retrieved January 15, 2015. ^ a b Baert, Rick (June 25, 2014). "BNY Mellon combines 3 units into new group".