Happy 225th birthday Bank of New York Mellon! The bank rang the Closing Bell at the NYSE today touting $19.5 trillion in assets under custody, $881 billion in assets under management.
For a company that’s managed to survive the financial fallout, it looks like the bank is on firm footing. When CEO Bob Kelly spoke to Maria on the “Closing Bell” he told her the company is past the point where they need TARP. In fact, Kelly said the company ‘is willing and able to repay TARP as soon as the government allows.’