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The Bank of New York Mellon Corporation

06/14/2018 | Press release | Distributed by Public on 06/14/2018 11:08

BNY Mellon Increases Prime Lending Rate to 5.00 Percent

NEW YORK, June 14, 2018 - The Bank of New York Mellon Corporation has increased its prime lending rate from 4.75 percent to 5.00 percent, effective June 14, 2018.

BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries. As of March 31, 2018, BNY Mellon had $33.5 trillion in assets under custody and/or administration, and $1.9 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.