BNY Mellon has reported a significant increase in its profit, largely due to strong fees and interest income growth. The bank, which makes a significant portion of its income safeguarding client assets, saw assets under custody and administration rise 12% year-on-year to $59.4 ⁤�n. Meanwhile, BNY's net interest income increased by 18% to $1.37bn, boosted by higher yields on the reinvestment of matured assets. The company's CEO, Robin Vince, has been pushing to streamline operations and invest in technology to improve efficiency and growth.