Sinner man..
I'm pissed with the bailout agenda to the big US financial institutions because they are stealing my grandsons future...
And then this comes out...
The link is here..Send it to your congress man and your Senators and do what you think is right..
http://www.marketwire.com/press-rele...
SOURCE: Institutional Investor
Sep 25, 2008 08:00 ET
The Big Get Bigger Faster
Institutional Investor Ranks the Top Global Custodians for 2008
NEW YORK, NY--(Marketwire - September 25, 2008) - Bank of New York Mellon Corp. has opened a $7.3 trillion gap between it and No. 2 JPMorgan, placing it atop Institutional Investor's annual ranking of the top global custodians based on data reported as of that date.
The complete ranking results are available today at www.iimagazine.com
With $23 trillion, BNY Mellon is by far the world's biggest custodian, with roughly 47 percent more total custody assets than No. 2 JPMorgan's $15.7 trillion. Only two others -- Citi and HSBC Group -- have double-digit trillions of custody assets.
In terms of cross-border assets alone, BNY Mellon ranks first, with $10 trillion, followed by Citi, with $8.7 trillion.
From the time Bank of New York Co. and Mellon Financial Corp. announced plans to merge, in December 2006, until they completed the deal and Bank of New York Mellon Corp. was born, in July 2007, the banks' combined assets under custody ballooned by $3 trillion to $21 trillion. BNY Mellon then picked up a further $2 trillion from the merger through March 31.