Terms Unconditional

F500 Banks & Financial · Commercial Banks · B2B / No consumer relationship

Bank of New York

Headline

The other major US custody bank, same institutional-only structure as State Street.

Not independently verified. Verification status: Unverified - heuristic first draft. Publish state: draft unverified.

The other major US custody bank, same institutional-only structure as State Street. BNY Mellon lost 10 unencrypted backup tapes in February 2008, with estimates of affected individuals rising from 4 million to as many as 10 million or more (Dark Reading, Aug. 29, 2008) — the kind of exposure that can reach people with no direct relationship with BNY, which is the defining characteristic of this layer.

  • SeveritySeverity 1 of 5, not independently verified. The other major US custody bank, same institutional-only structure as State Street.
  • Evidence tierUnassigned
  • Claims confirmedNo sourced claims yet
  • Last verified2026-08-04

Primary source. None recorded — Unverified - heuristic first draft.

Last verified 96 days agoverified 96 days ago0180 days
Freshness. Last verified 96 days ago (2026-08-04); stale after 180 days.

Terms

Arbitration

Not independently confirmed this pass — standard binding arbitration + class action waiver expected.

Data sharing

Not independently confirmed this pass with a specific named data-privacy lawsuit or breach. BNY (Bank of New York Mellon) also operates primarily in institutional custody/asset-servicing roles — similar structural note to State Street.

Fees and billing

Not itemized this pass.

Contacts

Privacy contact. Not recorded.

Legal notice. Not applicable to consumer notice - B2B row

Mailing address. Not recorded.

No published channel
Paper trail: none. No published channel.

Evidence

No claims have been itemized for this row yet.

No sources are on file for this row yet.

Source vault

Link status: Candidate - not yet fetched

DocumentLast fetchPDF
Privacy policy
See Bank of New York's own published privacy policy
Not fetched yetNOT CONFIRMED
Terms of service
See Bank of New York's own published terms of service
Not fetched yetNOT CONFIRMED
Website
No URL recorded
Not fetched yet—
Primary source
No URL recorded
Verification: Unverified - heuristic first draft
Not fetched yet—

Enforcement

No enforcement actions are linked to this row.

State statute

No HQ state on file, so no state statute applies by headquarters.