Message #10 From:
Stock News Bot Date: June 30, 2006 06:33:00 AM
BK News The Bank of New York Raises Prime Rate to 8.25 Percent
NEW YORK--(BUSINESS WIRE)--June 30, 2006--The Bank of New York Company, Inc. has raised its prime rate from 8.00 percent to 8.25 percent, effective June 29, 2006.
The Bank of New York Company, Inc. (NYSE: BK) is a global leader in providing a comprehensive array of services that enable institutions and individuals to move and manage their financial assets in more than 100 markets worldwide. The Company has a long tradition of collaborating with clients to deliver innovative solutions through its core competencies: securities servicing, treasury management, asset management, and private banking. The Company's extensive global client base includes a broad range of leading financial institutions, corporations, government entities, endowments and foundations. Its principal subsidiary, The Bank of New York, founded in 1784, is the oldest bank in the United States and has consistently played a prominent role in the evolution of financial markets worldwide. Additional information is available at www.bankofny.com.
