NEW YORK, June 15, 2017 /PRNewswire/ -- The Bank of New York Mellon Corporation will increase its prime lending rate from 4.00 percent to 4.25 percent, effective June 15, 2017. This follows yesterday's action by the U.S. Federal Reserve.

BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of March 31, 2017, BNY Mellon had $30.6 trillion in assets under custody and/or administration, and $1.7 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.

Contact: 
Amanda Changuris
+1 412 234 9131
amanda.changuris@bnymellon.com

SOURCE BNY Mellon