The banking entity is also one of the largest asset managers in the world managing USD 1 trillion of assets in its business. The bank of New York Mellon has an employee base of around 50,000 working in more than 100 markets throughout the globe. The Bank provides global financial services for corporations, institutions as well as the high net worth clients. The main functions of the bank are servicing and managing the financial assets of the customers. The banking corporation provides excellent asset management, wealth management, treasury services, asset management and services and clearing services. The Bank of New York Mellon Corporation is the first bank in the United States of America which joined Society for Worldwide Interbank Financial Telecommunication (SWIFT) in 2007. The Bank is also a member of the Clearing House Interbank Payment system (CHIPS). The BNY Mellon Corporation has two subsidiaries operating under its business- The Mellon Capital Management and BNY Mellon Asset Management which are used for providing the asset management and wealth management services to the institutional investors. The wealth management business of BNY Mellon Corporation is dedicated towards the high net worth investors and foundations. The paper aims to focus on the wealth management or the private banking services of BNY Mellon. The wealth management of BNY Mellon offers world class capabilities customised for all types of clients across the world. The services offered to the clients include investment management, servicing of assets and information management, planning of wealth and estate as well as private banking. The client base of the bank includes families and individuals, endowments and foundations, institutions as well as professionals. Discussion The main industrial characteristics of the market The global banking industry is characterized by most of the financial institutions struggling towards growth and implementation of change programs while managing the costs in the changing global scenario. The largest banks of the work banks are implementing evaluated restructuring programs to cut down on the costs while increasing the profitability of the business. The industry is dominated by rapid growing markets and unpredictable changes thus making flexibility and adaptability the key secrets to survive in the evolving global banking industry. The industry shows a number of conflicting challenges and demands for the banks and presents an uncertain and volatile industry landscape. Unfortunately, they had anticipated a much more benign economic environment in which to adapt to the paradigm shift in the banking landscape. Now banks face a near-perfect storm of challenges and conflicting demands in a volatile and uncertain environment, locally and globally. The economic slowdown throughout the world is varying across the different geographical sectors and the Governments continue to take strong steps towards stimulating economic growth. The global banking industry has a sustained growth rate but at a decreased magnitude (Cap Gemini Consulting, 2012, p.3). The main issues impacting the private banking and wealth management industry are with respect to then external environment of the industry, the
Report on the recent performance of Bank of New York Mellon Contents Contents 2 Introduction 3 Discussion 4 The main industrial characteristics of the market 4 The financial features of the private / investment bank 6 The products & services on offer 8 The past and future strategies 10 Conclusion 13 References 14 Introduction The Bank of New York Mellon Corporation was formed in 2007 by the merger between The Bank of New York and Mellon Financial Corporation…
This study analyses the strategic business goals of BAC and how the recent economic trends had influenced BAC’s business. The study also examines the strategies BAC had implemented in order to adapt to the altering market scenarios due to the economic downturn. The study assesses the tactics employed by BAC to accomplish their strategic goals and objectives.
The paper tells that investors established Bank of New York in the spirit of changing traditional rules of banking and in an attempt to keep up with changing market trends and offer quality service to customers at reasonable cost. The gradual growth experienced in the first two years slowed down due to recession from which the world is currently recovering.
This paper talks about fashion week in New York. New York Fashion Magazine (2009) advised us what are the emerging trends for fall 2009. New patterns appear. “Solid colors give way to a joyful tangle of paisleys, florals, and flourishes of abstraction. The fashion week is at the Lincoln Center complex, home to the Metropolitan Opera house.
The author of the essay presents the ideas of different outstanding authors concerning their vision of New York. Namely, Charles Dickens painted a particularly bleak image of the Five Points area in his American Notes, beginning his description by pointing out that before considering entering the area even in imaginary space, it is a good idea to bring along some police protection.
In early 1920s, jazz music was spread all over in New York, where a number of bands performed on the margins of the society. Jazz was also performed in Red Light district and other illegal places during the Prohibition era, associated with the corruption of that era.
At 2:45 am, I went out on my own to explore the city. I had presumed it to be a cold, quiet street. In the chilling December midnight, I had taken a torch with me to guide me along the way. But, oh! whuzzaaaaaaaaaaaat! With my mouth wide open, the torch slipped off my hand.
The reforms include: expansion of Medicaid to include people in the lower income bracket to enjoy health services, to lure employers to provide health insurance to their workers, offer credits or loans to moderate income earners to pay for their health
His photographic census of the people of New York City helped make its inhabitants (and people all over the world through his Web site) more receptive to people of other ethnic origins or nationalities. New York City is one of the most
NYAMA was founded in 1976 by New York State airport representatives as a way of optimizing the economic potential aviation industry within the state of New York. Therefore, it has served as the voice for the industry by promoting the constant improvement of the
1 pages (250 words)Essay
Hire a pro to write a paper under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Apply my DISCOUNT
Got a tricky question? Receive an answer from students like you!Try us!
Let us find you an essay for FREE
Contact us via Live Chat, call us at +16312120006or send an email to firstname.lastname@example.org