
Robert Kelly, chairman and chief executive officer of The Bank of New York Mellon Corp., speaks during a meeting of the Canadian Club of Toronto in Toronto, Ontario, Canada, on Monday, Jan. 12, 2009. Bank of New York Mellon Corp., the world's largest custodian of financial assets, plans to cut about 4 percent of its workforce, or 1,800 people, as record declines in global securities markets hurt profit. Dismissals at the New York-based company, which employs more than 43,000 people, were announced in Nov. 2008. Photographer: Norm Betts/Bloomberg News
Betts/Bloomberg