2007 merger of the Bank of New York and Mellon Financial Corporation

In 2007, the Bank of New York and Mellon Financial Corporation merged to create The Bank of New York Mellon, forming one of the world's largest custodians of financial assets. This merger combined their expertise in asset servicing, investment management, and banking, allowing for increased efficiency, broader global reach, and enhanced services for institutional clients like pension funds and investment managers. Essentially, they joined forces to better manage and safeguard clients’ investments, offering a more comprehensive range of financial services under a single, stronger organization.