NEW YORK, August 25, 2011 — BNY Mellon, the global leader in investment management and investment services, ranks as the safest U.S.-based bank for the third consecutive year in Global Finance magazine's annual "World's 50 Safest Banks" ranking.
The "World's 50 Safest Banks" 2011 rankings were based on an evaluation of long-term credit ratings — from Moody's, Standard & Poor's and Fitch — and total assets of the 500 largest banks worldwide. Now in its 20th year, Global Finance's annual ranking of "World's 50 Safest Banks" is a recognized and trusted standard of creditworthiness for the global financial community. In the 2011 rankings, BNY Mellon maintained its standing as the safest bank in the U.S., and moved up six places in the global ranking.
"The strength of our balance sheet and our capital management strategy continues to distinguish BNY Mellon in the marketplace. It also sustains our strategic focus on developing innovative new solutions that help our clients succeed," said Robert P. Kelly, chairman and chief executive officer of BNY Mellon.
"More than ever, creditworthiness is being viewed as a key attribute for banks," said Joseph D. Giarraputo, the magazine's publisher. "Investors and customers alike are increasingly drawn to banks with proven strength and stability — underscoring the importance of our survey and reflecting positively on banks with superior rankings."
BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team. It has $26.3 trillion in assets under custody and administration and $1.3 trillion in assets under management, services $11.8 trillion in outstanding debt and processes global payments averaging $1.7 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available at www.bnymellon.com and through Twitter @bnymellon.