Is the Bank of New York Mellon wholly owned by the Bank of New York Mellon Corporation?
The Bank of New York Mellon operates as a primary principal banking subsidiary that is wholly owned by its parent holding entity, The Bank of New York Mellon Corporation. While the parent corporation is a publicly traded enterprise whose shares are widely distributed among institutional and retail investors on the public stock exchanges, the operational banking entity itself is entirely owned and controlled as a direct subsidiary within the corporate structure.
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