The Bank of New York Mellon Corporation Reduces Prime Rate to 4.50 Percent

NEW YORK, Oct 08, 2008 /PRNewswire-FirstCall via COMTEX/ -- BK | Quote | Chart | News | PowerRating -- The Bank of New York Mellon Corporation (NYSE: BK | Quote | Chart | News | PowerRating) has reduced its prime rate from 5.00 percent to 4.50 percent, effective October 8, 2008.

The Bank of New York Mellon Corporation is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. The company is a leading provider of financial services for institutions, corporations and high net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has more than $23 trillion in assets under custody and administration, more than $1.1 trillion in assets under management and services $12 trillion in outstanding debt. Additional information is available at bnymellon.com.

SOURCE The Bank of New York Mellon Corporation

http://www.bnymellon.com

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