Company: BK-PK
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001390777-25-000046
Chunk: 1

Company: Bank of New York Mellon Corp
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1
Chunk 1
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Description of Business

The Bank of New York Mellon Corporation, a Delaware corporation (NYSE symbol: BK), is a global company headquartered in New York, New York, with $52.1 trillion in assets under custody and/or administration and $2.0 trillion in assets under management as of Dec. 31, 2024.  With its subsidiaries, BNY has been in business since 1784.  

We divide our businesses into three principal business segments: Securities Services, Market and Wealth Services and Investment and Wealth Management.  We also have an Other segment, which includes the leasing portfolio, corporate treasury activities (including our securities portfolio), derivatives and other trading activity, corporate and bank-owned life insurance, tax credit investments and other corporate investments and certain business exits.

For a further discussion of BNY’s lines of business, products and services, see the “Overview,” “Summary of financial highlights,” “Fee and other revenue,” “Review of business segments” and “International operations” sections in the MD&A section in the Annual Report and Notes 24 and 25 of the Notes to Consolidated Financial Statements in the Annual Report, of which portions are incorporated herein by reference.  See the “Available Information” section on page 1 of this Form 10-K, which is incorporated herein by reference, for a description of how to access financial and other information regarding BNY. 

Our two principal U.S. banking subsidiaries engage in trust and custody activities, investment management services, banking services and various securities-related activities.  Our two principal U.S. banking subsidiaries are:

•The Bank of New York Mellon, a New York state-chartered bank, which houses our Securities Services businesses, including Asset Servicing and Issuer Services and certain Market and Wealth Services businesses, including Treasury Services and Clearance and Collateral Management, as well as the bank-advised business of Investment Management; and

•BNY Mellon, National Association (“BNY Mellon, N.A.”), a national bank, which houses