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Bank of New York Mellon Corp. Aug 11
Standard & Poors, Aug 2011
Abstract
Leading market positions in investment servicing businesses Among the largest investment managers in the world Considerable geographic and business mix diversity Lower loan credit risk relative to commercial banks Very liquid balance sheet Revenues tied to the vitality of the world's financial markets High exposure to global financial institutions Concentration and ongoing risks in money market businesses The ratings on Bank of New York Mellon Corp. (BK) reflect the company's leadership positions in its institutional services and asset management businesses, as well as its longstanding track record of strong financial performance. The company's 2007 merger with Mellon Financial Corp. solidified its position as the largest custodial bank in the world while significantly augmenting its asset management capabilities. BK has about...
Companies mentioned in this report are: Bank of New York Mellon Corp.,Mellon Funding Corp.,Bank of New York Mellon (The),BNY Mellon N.A.,BNY Mellon Trust of Delaware,The Bank of New York Mellon Trust Co. N.A.,BNY Capital IV,BNY Institutional Capital Trust A ,The Bank of New York Mellon (Luxembourg) S.A.,BNY Capital VI,BNY Capital VII,BNY Capital VIII,BNY Capital X,Mellon Cap IV,Mellon Capital V,The Bank of New York (Luxembourg) S.A. Italian Branch,The Bank of New York Mellon (Ireland) Ltd.,The Bank of New York Mellon S.A./N.V.
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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