BNY Mellon Increases Prime Rate to 3.75 Percent

NEW YORK, Dec. 15, 2016 /PRNewswire/ -- The Bank of New York Mellon Corporation has increased its prime rate from 3.50 percent to 3.75 percent, effective December 15, 2016.

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 35 countries and more than 100 markets. As of September 30, 2016, BNY Mellon had $30.5 trillion in assets under custody and/or administration, and $1.72 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. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.

Contact: Ligia Braun+1 212 635 8588[email protected]

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/bny-mellon-increases-prime-rate-to-375-percent-300379006.html

SOURCE BNY Mellon