'Resilience matters' amid market uncertainty: BNY Mellon CEO
01/19/2024 05:49
Artificial intelligence, cryptocurrencies, and the Federal Reserve's interest rate cut timeline have controlled conversations in political and business circles. Bank of NY Mellon (BK) CEO Robin Vince joins Yahoo Finance's Julie Hyman and Brian Sozzi at the World Economic Forum in Davos, Switzerland to discuss this range of topics, including why AI "is all the rage" while clients remain "a little cautious" on adoption. Vince says the 240-year-old firm is continually trying to "reinvent" itself, citing their new AI Hub as the latest transformation, allowing for heightened efficiency and more in-depth analysis of market trades. On the topic of interest rates, despite acknowledging headwinds, Vince says "the Fed has done a pretty good job navigating everything." He hopes for a soft landing scenario but explains BNY prepares clients for uncertainty as rates could rise or fall. Ultimately, "resilience matters," Vince explains. It's all part of Yahoo Finance's exclusive coverage from the World Economic Forum in Davos, Switzerland, where our team will speak to top decision-makers as well as preeminent leaders in business, finance, and politics about the world’s most pressing issues and priorities for the coming year. Watch this full episode of Yahoo Finance Live here. Editor's note: This article was written by Angel Smith.
Artificial intelligence, cryptocurrencies, and the Federal Reserve's interest rate cut timeline have controlled conversations in political and business circles. Bank of NY Mellon (BK) CEO Robin Vince joins Yahoo Finance's Julie Hyman and Brian Sozzi at the World Economic Forum in Davos, Switzerland to discuss this range of topics, including why AI "is all the rage" while clients remain "a little cautious" on adoption.
Vince says the 240-year-old firm is continually trying to "reinvent" itself, citing their new AI Hub as the latest transformation, allowing for heightened efficiency and more in-depth analysis of market trades.
On the topic of interest rates, despite acknowledging headwinds, Vince says "the Fed has done a pretty good job navigating everything." He hopes for a soft landing scenario but explains BNY prepares clients for uncertainty as rates could rise or fall. Ultimately, "resilience matters," Vince explains.
It's all part of Yahoo Finance's exclusive coverage from the World Economic Forum in Davos, Switzerland, where our team will speak to top decision-makers as well as preeminent leaders in business, finance, and politics about the world’s most pressing issues and priorities for the coming year.
Watch this full episode of Yahoo Finance Live here.
Editor's note: This article was written by Angel Smith.