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Article: Tough act to follow.(Bank of New York)(Brief Article)(Statistical Data Included)
- Article from:
- ABA Banking Journal
- Article date:
- June 1, 2000
- Author:
CopyrightCOPYRIGHT 2000 Simmons-Boardman Publishing Corporation. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Bank of New York creates its own tough act through smart tech spending and revenue growth
If there's one truism in banking today, it's this: There is no fail-safe formula for success. As our cover story demonstrates, this year's top performers are varied in their strategies for delivering superior financial results. Capturing the highest honors in the ABA Banking Journal Performance Rankings this year, the $75 billion-asset Bank of New York reflects the concept of versatility by excelling in a variety of initiatives. Specifically, the company has benefited from its strategy of promoting securities servicing, global payment services, and fiduciary services to ...