Washington Post  | Bank of NY and Mellon Unite to Create Financial Powerhouse The Money Times - by Bithika Khargarhia - December 5 2006 - 0 comments. The Bank of New York Company Inc. and Mellon Financial Corporation on Monday entered into a merger deal worth $16.5 billion to create the world's largest ... Shares Surge as Takeover Deals Spur Broad Enthusiasm Mellon and New York bank create giant with $16bn deal  |