Variable interest entities |
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| Securitizations And Variable Interest Entities Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Variable interest entities | Variable interest entities We have variable interests in variable interest entities (“VIEs”), which include investments in retail, institutional and alternative investment funds. We earn management fees from these funds, as well as performance fees in certain funds, and may also provide start-up capital for new funds. The funds are primarily financed by our customers’ investments in the funds’ equity or debt. Additionally, we invest in qualified affordable housing and renewable energy projects, which are designed to generate a return primarily through the realization of tax credits. The projects, which are structured as limited partnerships and limited liability companies, are also VIEs, but are not consolidated. The following table presents the incremental assets and liabilities included on the consolidated balance sheet as of June 30, 2026 and Dec. 31, 2025. The net assets of any consolidated VIE are solely available to settle the liabilities of the VIE and to settle any investors’ ownership liquidation requests, including any seed capital we invested in the VIE.
(a) Includes voting model entities (“VMEs”) with assets of $61 million, liabilities of $1 million and nonredeemable noncontrolling interests of less than $1 million at June 30, 2026. There were no VMEs at Dec. 31, 2025. We have not provided financial or other support that was not otherwise contractually required to be provided to our VIEs. Additionally, creditors of any consolidated VIEs do not have any recourse to the general credit of BNY. Non-consolidated VIEs As of June 30, 2026 and Dec. 31, 2025, assets and liabilities related to the VIEs where we are not the primary beneficiary are included in other assets and other liabilities on the consolidated balance sheet and primarily relate to our tax credit investments. The maximum loss exposure presented below relates solely to our investments in, and unfunded commitments to, the VIEs.
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