BNY Decreases Prime Lending Rate to 7.00%

Rhea-AI Summary

BNY (NYSE: BK) will decrease its Prime Lending Rate by 0.25 percentage points, from 7.25% to 7.00%, effective October 30, 2025.

The change is a benchmark rate adjustment announced on October 29, 2025 and takes effect the following day.

Positive

• Prime rate cut of 25 basis points to 7.00% effective Oct 30, 2025

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• None.

NEW YORK, Oct. 29, 2025 /PRNewswire/ -- BNY (NYSE: BK), will decrease the Prime Lending Rate by 0.25%, from 7.25% to 7.00%, effective Thursday, October 30, 2025.

About BNY
BNY is a global financial services company that helps make money work for the world – managing it, moving it and keeping it safe. For more than 240 years BNY has partnered alongside clients, putting its expertise and platforms to work to help them achieve their ambitions. Today BNY helps over 90% of Fortune 100 companies and nearly all the top 100 banks globally access the money they need. BNY supports governments in funding local projects and works with over 90% of the top 100 pension plans to safeguard investments for millions of individuals, and so much more. As of September 30, 2025, BNY oversees $57.8 trillion in assets under custody and/or administration and $2.1 trillion in assets under management.

BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Headquartered in New York City, BNY has been named among Fortune's World's Most Admired Companies and Fast Company's Best Workplaces for Innovators. Additional information is available on www.bny.com.

Contacts:
Media
Anneliese Diedrichs
+1 646 468 6026
anneliese.diedrichs@bny.com

Analysts
Marius Merz
+1 212 298 1480
marius.merz@bny.com

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SOURCE BNY

FAQ

What change did BNY (BK) announce to its Prime Lending Rate on October 29, 2025?

BNY announced a 0.25% decrease in the Prime Lending Rate from 7.25% to 7.00%.

When does BNY's new Prime Lending Rate of 7.00% take effect for BK?

The new Prime Lending Rate of 7.00% takes effect on October 30, 2025.

How large was the rate change BNY (BK) announced on October 29, 2025?

The announcement reduces the Prime Lending Rate by 25 basis points (0.25%).

Which prime rate applied at BNY (BK) immediately before the October 29, 2025 announcement?

The Prime Lending Rate before the announcement was 7.25%.

Is the BNY Prime Lending Rate change for BK effective immediately after the October 29, 2025 announcement?

No; the change is effective the next day, October 30, 2025.

Where can investors find the effective date and new rate for BNY (BK) Prime Lending Rate?

The announcement lists the effective date as October 30, 2025 and the new Prime Lending Rate as 7.00%.