The US Department of the Treasury has selected Bank of New York Mellon to support the government's Tr...
The US Department of the Treasury has selected Bank of New York Mellon to support the government’s Troubled Asset Relief Program under the Emergency Economic Stabilisation Act. BNY Mellon will provide the accounting of record for the portfolio, hold all cash and assets in the portfolio, provide for pricing and asset valuation services and assist with other related services. The firm will act as auction manager and conduct reverse auctions for the troubled assets. BNY Mellon has a long history of partnering with the US government to drive the development of the markets. Its founder, Al...
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