BNY Mellon Retains Ranking as Safest U.S. Bank in Global Finance Magazine Survey
Mar 20, 2013
NEW YORK, March 20, 2013 — BNY Mellon, the global leader in investment management and investment services, has maintained its ranking as the safest U.S.-based bank, according to Global Finance magazine's ranking of the world's 50 safest banks. This is the fifth consecutive year that BNY Mellon has ranked safest in the U.S.
The Global Finance rankings of the World's 50 Safest Banks are based on an evaluation of long-term credit ratings from the principal rating agencies and total assets of the 500 largest banks worldwide. The most recent update of the rankings, to be published in April, names BNY Mellon safest among only five U.S. banks listed.
"Bank stability and counterparty creditworthiness continue to be pressing concerns for both bank customers and investors,” said Global Finance publisher Joseph D. Giarraputo. "The institutions that top our rankings have shown their strength during a time of turbulence."
"Our top ranking among U.S. banks during the past five years reflects our business model’s focus on capital creation and prudent risk management. Our sustained financial strength has been absolutely key to our ability to power global investments and help our clients succeed,” said Gerald L. Hassell, chairman and chief executive officer of BNY Mellon.
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 36 countries and more than 100 markets. As of December 31, 2012, BNY Mellon had $26.2 trillion in assets under custody and/or administration, and $1.4 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, or follow us on Twitter @BNYMellon.