The bank holding company provides financial services and offers investment management with more than a trillion in assets under management.
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News about Bank of New York Mellon
Funding Circle's rivals include OnDeck and LendingClub.
Countries could get in on the action too.
They've formed an alliance, set to debut on Tuesday.
The new unit will proactively identify, analyze, and coordinate activities.
And why the move doesn't satisfy critics of banker pay.