The Bank of New YorkNYSE: BK, founded by Alexander Hamilton in 1784, is the oldest bank in the United States and has a distinguished history of serving clients around the world through its five primary businesses: New York Stock Exchange (June 2003) The New York Stock Exchange (NYSE) is the second largest stock exchange in the world. ... A portrait of Alexander Hamilton by John Trumbull, 1792. ... 1784 was a leap year starting on Thursday (see link for calendar). ... The essential function of a bank is to provide services related to the storing of deposits and the extending of credit. ...
Securities Servicing and Global Payment Services
Private Client Services and Asset Management
Corporate Banking
Global Market Services
Retail Banking
In 1988, the Bank of New York acquired the Irving Trust Company and moved its headquarters to One Wall Street, now known as the Bank of New York Building. 1988 is a leap year starting on a Friday of the Gregorian calendar. ... One Wall Street, Bank of New York Building (originally the Irving Trust Company Building) was completed in 1932. ...
Alexander Hamilton, a highly respected NewYork attorney and future statesman, was enlisted to write the newBank’s constitution and became the individual most actively involved in the organization of The Bank of NewYork, guiding it through its early stages, and leaving a lasting imprint on its philosophy and operation throughout its history.
By insisting that their Bank should be paid up in “specie only,” the founders of The Bank of NewYork responded to depositors’ concerns about the safety of a bank that circulated a quantity of paper disproportionate to its holdings.
The Bank of NewYork entered the twenty-first century as a premier provider of the essential services that enable institutions and individuals to move and manage their financial assets.
The Bank of NewYork, one of the nation's oldest, was not fined in a new agreement with the Fed and the NewYork State Banking Department, which was dated Friday and made public on Monday.
The Bank of NewYork neither admitted nor denied the allegations in the SEC's suit filed in federal court in Manhattan, where the bank is based, but did agree to refrain from future violations of securities laws.
The Bank of NewYork, founded with the aid of Alexander Hamilton in 1784 and one of the nation's largest trust banks, was rocked by revelations in late 1999 that it had served as a conduit for $7 billion in Russian money — some of it believed to be from criminal activities.
Feeds |
Contact