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BANK OF N Y CO, (BK) Stock Research Free Stock Rating
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The Bank of New York Company, Inc., through its principal subsidiary, The Bank of New York, provides various financial products and services to financial institutions, corporations, government entities, endowments, and foundations worldwide. The company operates in four segments: Servicing and Fiduciary, Corporate Banking, Retail Banking, and Financial Markets. The Servicing and Fiduciary segment includes securities servicing, global payment services, private client services, and asset management. The Corporate Banking segment provides lending and credit-related services to public and private financial institutions and corporations, as well as to public and private mid-size businesses in the New York metropolitan area. The Retail Banking segment includes retail deposit services, branch banking, and consumer and residential mortgage lending. The company operated 341 branches and 375 automated teller machines in New York, New Jersey, and Connecticut, as of March 31, 2005. The Financial Markets segment includes trading of foreign exchange and interest rate risk management products, investing and leasing activities, and treasury services to other segments. The company is headquartered in New York City.
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