New York-based global investments company, Bank of New York Mellon Corp (BNY Mellon), reported a rise in profit for the third quarter. The increase is mainly attributed to the growth in assets under custody and administration, surpassing $50 trillion. Further details about the exact profits and the percentage increase were not given. BNY Mellon’s success can be associated with its significant role as a custodian, safeguarding assets for other institutions such as mutual funds and pension funds. This encouraging performance in its third
