BNY Profit Rises, CEO Calls Pressure on Fed ‘Counterproductive’

Bank of New York Mellon’s BK 1.35%increase; green up pointing triangle chief executive criticized the Trump administration’s pressure on the Federal Reserve in a media call Tuesday that came after the company reported record revenue for 2025.

Chief Executive Robin Vince said that the pressure on the Fed is “counterproductive” to the administration’s goal of improving affordability. The independence of the Fed is a critical underpin of the bond market, “so shaking at the foundation of it doesn’t seem to be to us accomplishing the administration’s primary objectives,” Vince said.