The Bank of New York Mellon Corporation, commonly known as BNY Mellon, is a multinational American investment banking services holding company headquartered in New York City. BNY Mellon was formed from the merger of The Bank of New York and the Mellon Financial Corporation in 2007. It is the world's largest custodian bank and asset servicing company,[1][2][3] with $2.0 trillion in assets under management and $38.6 trillion in assets under custody as of the second quarter of 2020.[5][1] It is considered a systemically important bank by the Financial Stability Board.