▁York ▁merged ▁with ▁Ir ving ▁Bank ▁Corporation ▁after ▁a ▁year - long ▁host ile ▁take ▁over ▁bid ▁by ▁Bank ▁of ▁New ▁York . ▁ ▁Ir ving ▁had ▁been ▁head qu arter ed ▁at ▁ 1 ▁Wall ▁Street ▁and ▁after ▁the ▁mer ger , ▁this ▁became ▁the ▁headquarters ▁of ▁the ▁Bank ▁of ▁New ▁York . ▁ ▁From ▁ 1 9 9 3 ▁to ▁ 1 9 9 8 , ▁the ▁bank ▁made ▁ 3 3 ▁ac quis itions , ▁including ▁acqu iring ▁J P ▁Morgan ’ s ▁Global ▁C ust ody ▁Business ▁in ▁ 1 9 9 5 . ▁I vy ▁As set ▁Management ▁was ▁acquired ▁in ▁ 2 0 0 0 , ▁and ▁the ▁bank ▁acquired ▁Pers hing ▁L LC , ▁the ▁United ▁States ' ▁second - larg est ▁trade ▁clear ing house , ▁ ▁in ▁ 2 0 0 3 . ▁ ▁In ▁ 2 0 0 5 , ▁the ▁bank ▁settled ▁a ▁US ▁federal ▁investigation ▁that ▁began ▁in ▁ 1 9 9 6 ▁concerning ▁money ▁la und ering ▁related ▁to ▁post - S ov iet ▁priv at ization ▁in ▁Russia . ▁ ▁The ▁illegal ▁operation ▁involved ▁two ▁Russian ▁em ig res , ▁one ▁of ▁whom ▁was ▁a ▁Vice ▁President ▁of ▁the ▁bank , ▁moving ▁over ▁US $ 7 ▁billion ▁via ▁hundreds ▁of ▁w ires . ▁ ▁In ▁ 2 0 0 6 , ▁the ▁Bank ▁of ▁New ▁York ▁trad ed ▁its ▁ret ail ▁bank ing ▁and ▁regional ▁middle - market ▁business es ▁for ▁J . P . ▁Morgan ▁Ch ase '