BNY Decreases Prime Lending Rate to 7.00%
The Bank of New York MellonThe Bank of New York Mellon(US:BK) Prnewswire·2025-10-29 18:53

Core Points - BNY will decrease the Prime Lending Rate by 0.25%, from 7.25% to 7.00%, effective October 30, 2025 [1] Company Overview - BNY is a global financial services company with over 240 years of experience, helping clients manage, move, and safeguard their money [2] - The company serves over 90% of Fortune 100 companies and nearly all of the top 100 banks globally, supporting governments and pension plans [2] - As of September 30, 2025, BNY oversees $57.8 trillion in assets under custody and/or administration and $2.1 trillion in assets under management [2]