BNY Joins US Govt Investment Initiative, Expanding Access to Savings for Workers

Group 1 - BNY has announced its participation in the U.S. government's investment initiative for children, matching a $1,000 contribution for eligible newborns of its employees, effectively doubling the investment in each child's future [1] - The initiative is part of BNY's broader efforts to enhance financial opportunities for employees, which includes equity grants, student loan matching, and improved 401(k) features [1] - The children's savings account program, established by the One Big Beautiful Bill Act, will provide a $1,000 pilot contribution from the U.S. Treasury for eligible children born in the U.S. between 2025 and 2028 [1] Group 2 - BNY's matching contribution will provide an additional $1,000 per eligible child once the account is opened and verified, facilitating early savings for families [1] - BNY is a global financial services company managing $57.8 trillion in assets under custody and/or administration and $2.1 trillion in assets under management as of September 30, 2025 [1] - The company supports over 90% of Fortune 100 companies and nearly all top 100 banks globally, assisting them in accessing necessary funds [1] Group 3 - BNY is focused on remaining competitive in a rapidly evolving financial services sector, which is increasingly influenced by agile Fintech startups [2]