Search results
Results From The WOW.Com Content Network
BNY Mellon Center is a 55-story skyscraper located at 500 Grant Street in downtown Pittsburgh, Pennsylvania. Standing 725 ft (221 m) tall, it is the second-tallest building in the city . Announced on March 27, 1980, the tower was completed in June 1984. [ 7 ]
In 2009, BNY Mellon IM acquired Insight Investment from Lloyds Banking Group for £235m. [8] In the same year BNY Mellon IM acquired a 20% stake in Siguler Guff. [9] In early 2010, BNY Mellon IM closed its fund of hedge funds, Ivy Asset Management.
The Bank of New York and Mellon Financial entered into mutual stock option agreements for 19.9 percent of the issuer's outstanding common stock. [85] The merger was finalized on July 1, 2007. [5] The company's principal office of business was located at the One Wall Street office previously held by the Bank of New York. [4]
By January 2014, BNY Mellon was looking to sell its headquarters, as it was moving to a location with less space. [182] In May 2014, BNY Mellon sold the building to a joint venture led by Harry B. Macklowe's Macklowe Properties for $585 million, [183] [184] [185] though BNY Mellon continued to occupy the building until September 2015. [186]
[5] [6] Per the deal, the new Board of Directors is composed of ten directors appointed by the Bank of New York, and eight by Mellon. [7] The merger was completed July 1, 2007, as The Bank of New York Mellon. Headquartered in New York, it is the world's largest securities servicing firm and one of the world's top ten asset managing firms.
The New York-based bank also reported earnings per share of $1.50, up 22% year-over-year, generated a record $3.4 billion in fees, up from $3.2 billion in Q3 of last year, and had a net income of ...
On July 1, 2007, The Bank of New York Company, Inc. and Mellon Financial Corporation merged to form a new company BNY, one of the world's largest global asset management and securities services companies. [5] The reach of Dreyfus' distribution capabilities now extends to the resources of BNY and its exclusive network of institutional asset ...
In January 2015, BNY Mellon announced it would begin slowly moving employees to other space in downtown Pittsburgh and seek a buyer for the building. [9] In September 2016 BNY Mellon, National Association sold it to FAC 525, LLC (a single purpose entity) for $67.65 million (equivalent to $85.9 million in 2023). [2] [1]