NEW YORK, March 16, 2012 /PRNewswire/ -- BNY Mellon, the global leader in investment management and investment services, continues to rank as the safest U.S.-based bank, according to Global Finance magazine's annual ranking of the world's 50 safest banks. This is the fourth year in a row that BNY Mellon has been ranked as the top U.S. bank.
The Global Finance rankings of the World's 50 Safest Banks are based on an evaluation of long-term credit ratings from the principal rating agencies and total assets of the 500 largest banks worldwide. In the first-ever midyear update of the Global Finance rankings, BNY Mellon maintained its standing as the safest bank in the U.S. Only five banks in the U.S. made the most recent rankings, which will be published in April.
"More than ever, long-term creditworthiness is the key feature of banks for customers around the world," said Global Finance publisher Joseph D. Giarraputo. "The banks included in our ranking have solid capital positions and superior risk management capabilities."
"Our top ranking for U.S. banks during the past four years reflects the successful execution of our strategic focus on capital creation and risk management. We've been there for our clients throughout this period, thanks in large part to our sustained financial strength," said Gerald L. Hassell, chief executive officer of BNY Mellon.
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 $25.8 trillion in assets under custody and administration and $1.26 trillion in assets under management, services $11.8 trillion in outstanding debt and processes global payments averaging $1.5 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Learn more at www.bnymellon.com and through Twitter @bnymellon.
SOURCE BNY Mellon