Opening and Closing Bell on Wall Street
NYSE Euronext recognizes the swift corporate action American Express Company (NYSE: AXP), The Bank of New York Mellon (NYSE:BK) and Citigroup Inc. (NYSE:C) took in responding to help the communities impacted by the devastation of Hurricane Sandy. Collectively, these institutions have contributed millions of dollars towards disaster relief aid, as well as the donation of their services and the volunteer efforts of their employees.
Representatives from these financial institutions will join together in ringing today’s NYSE Closing Bell in recognition of corporate giving and support of those affected by Hurricane Sandy.
Timothy J. McClimon, President - American Express Foundation
• American Express has committed to donating $1,000,000 to the American Red Cross and other organizations involved in Hurricane relief efforts.
• American Express assisted thousands of customers traveling to or from the area helping to rearrange travel plans and ensure they can travel when transportation was up and running.
• American Express is driving customers for financial, medical and lodging assistance to the Global Assist hotline 800-554-2639 where they can also wire customers money, help with prescription replacement, etc.
• American Express will continue to provide customers assistance as it always does which includes waivers and payment flexibility options if they have been impacted. American Express recommends that CMs call if they will have an issue paying their bills. Customer care professionals are empowered to provide flexible payment options for CMs who experience difficulty meeting their financial obligation(s).
• For those Cardmembers who want to help by making donations, American Express is notifying American Express Cardmembers with Membership Rewards that they can donate their points through americanexpress.com/give.
• American Express will rebate the merchant service fee for charitable contributions for Hurricane relief that Cardmembers make directly to a number of key non-profit organizations providing relief when they use their American Express Cards.
Kurt Woetzel, Head of Global Operations, Technology and Rich Brueckner, Chief of Staff – The Bank of New York Mellon
• BNY Mellon will contribute at least $1 million to the American Red Cross, local food banks and agencies engaged to support basic urgent needs in the wake of the storm. BNY Mellon's Hurricane Sandy relief fund includes a $500,000 corporate gift and an additional $500,000 in matching funds available for disaster relief contributions made by its employees.
• BNY Mellon’s Neighbor-to-Neighbor volunteer program matches employees’ time for the work they are doing regarding storm damage with contributions to the Red Cross.
• The company also established a fund to help employees severely impacted by covering expenses not covered by FEMA or insurance. A separate program will provide immediate cash grants to employees in instances of immediate and extreme hardship.
John Odermatt, Global Managing Director, Citi Office of Emergency Management
• In the immediate aftermath of the storm, the Citi Foundation donated $1 million to the American Red Cross to support post-Sandy relief and recovery efforts. The $1 million donation supplements a $500,000 grant that the Citi Foundation provides to the Red Cross every year to support the organization's relief activities.
• Citi has also contributed to organizations focused on local relief and recovery efforts, including the Staten Island-based Stephen Siller Tunnel to Towers Foundation.
• Citi also enabled Citi ThankYou® Rewards members to use their points to make donations to the Red Cross at www.thankyou.com.