BNY Mellon invests €5m in new bank

Asset management and securities provider BNY Mellon has invested over €5 million in order to establish a new Irish bank, which allows it to expand its services here.

31st October, 2009

Asset management and securities provider BNY Mellon has invested over €5 million in order to establish a new Irish bank, which allows it to expand its services here.

The company has just received approval for a banking licence in Ireland from the Financial Regulator. Deposit taking and lending are among the key activities which this licence clears the way for. The company already employs close to 1,300 people in Dublin and Cork.

Joe Duffy, who is...

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