BNY Mellon, a privately owned company headquartered in New York City, US, was founded in 1784 and employs approximately 47,420 individuals, specializing in financial services. BNY Mellon, formally known as The Bank of New York Mellon Corporation, was formed in 2007 through the merger of The Bank of New York and Mellon Financial Corporation.
On September 18, 2026, BNY Mellon UK Income manager David Cumming stated that long-term gilt yields would need to reach approximately 7% for the UK economy to experience "real pain," while also expressing that the current spike in yields is "not helpful" but does not signal a UK recession, adding that markets are "a bit too bearish" on economic slowdown potential. Previously, on September 17, BNY increased its Prime Lending Rate by 0.25% to 7.00%, effective that day, raising the rate from 6.75%. This move followed the September 16 announcement that BNY and Galaxy are collaborating to integrate institutional custody with staking infrastructure through BNY's Digital Asset Custody platform, expanding institutional interest in digital assets beyond mere buying and holding of cryptocurrencies.
Subscribe for full access to BNY Mellon's products in full detail 
