Alexander Hamilton's 241-year-old bank just got tapped for Trump accounts
April 6, 2026 - 18:28
The Bank of New York Mellon, a financial institution whose origins trace back to founding father Alexander Hamilton in 1784, has been selected to serve as the financial agent for a new federal program. This program involves the management of accounts related to former President Donald Trump, set to commence this summer.
The selection places the 240-year-old bank at the center of a significant and high-profile government financial operation. While specific details of the program's scope remain under the purview of official channels, the appointment underscores the bank's longstanding role in handling sensitive and large-scale governmental financial services.
Bank of New York Mellon, a stalwart of the American financial system since the nation's earliest days, has historically provided agent services for various government trust funds and federal initiatives. Its deep experience with complex regulatory and compliance frameworks is seen as a key factor in its latest appointment. The move represents a continuation of the institution's central, though often behind-the-scenes, role in the machinery of U.S. governance and finance.
MORE NEWS
October 4, 2026 - 21:22
Living Off the Grid Still Comes With a Price TagA creator who documents life in a remote cabin is pushing back against the idea that leaving the power grid means leaving money worries behind. In a recent breakdown of expenses, the creator...
October 4, 2026 - 06:51
Economist Justin Wolfers Says Financial Education Is Failing And There's a Big Problem. People Barely Trust Economists More Than PoliticiansMost people have never seen a germ, but they still wash their hands. Economist Justin Wolfers says that is proof experts can convince people to change their behavior based on something they cannot...
October 3, 2026 - 22:09
Avoiding Costly Errors When Naming Retirement BeneficiariesRetirement accounts now hold more than $30 trillion in assets, according to the Investment Company Institute, as 401(k) plans and IRAs have largely replaced traditional pensions for most private...
October 3, 2026 - 21:31
Crypto Hiring Surges as Job Postings Triple in SeptemberThe cryptocurrency industry saw a sharp rise in hiring activity during September, with job postings climbing to more than 1,200. That figure marks a threefold increase compared to previous months,...