The Bank of New York Mellon is a publicly traded financial services corporation that is also referred to as BNY Mellon (NYSE: BK). The first Secretary of the Treasury of the United States, Alexander Hamilton, originally established The Bank of New York in 1784. In 2006, the bank merged with Mellon Financial Corporation to form one of the largest securities firms in the world. BNY Mellon provides solutions and services for a range of financial industries including broker-dealers, insurance companies, banks, and European pensions. Investment and wealth management services are also available and provide institutions, governments, and individuals with guidance on bond and equity markets, planned giving programs, endowments and foundations.
As of the time of this writing, Bank of New York Mellon does not offer depository banking products to individuals or businesses, but focuses its core business on advisory services, broker-dealer relationships, and issuance and treasury services. BNY Mellon is headquartered in New York, New York, and serves its clients through multiple locations located in larger metropolitan cities.