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BK
The Bank of New York Mellon Corporation

5/27/2012, 3:06 PM ET
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BK Market Currents more »
  • May 4 Fed supervisors are pressuring banks, including BNY Mellon (BK) and JPMorgan (JPM), to reduce their exposure to the $1.7T market for triparty repos. The obscure credit market is where many large firms get funding for their trading businesses, and there has been informal discussion about labeling it systemically important and bolstering oversight.
    1 Comment
    [Financials]
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Company Description

On July 1, 2007, The Bank of New York Company, Inc. and Mellon Financial Corporation (“Mellon Financial”) merged into The Bank of New York Mellon Corporation (“BNY Mellon”), with The Bank of New York Mellon Corporation being the surviving entity. The merger was accounted for as a purchase of... More

Sector: Financial
Industry: Asset Management
Country: United States