Come September

Imagine how great this company would be without so much middle management that creates so many unnecessary layers of bureaucracy. We would be able to increase productivity by a third, at least. We would also be more efficient, considering that a... — read more 

Following in Goldman Sachs footsteps. WFH only for emergencies, etc.

Why do we still have a mutual fund business, since our WM side is selling more non-BK funds and etfs? Can’t they get $ by selling this business? I don’t know any of the names there anymore, are any good investors left?

My manager here in the UK has stated he can obtain HR data confirming who has made what comments. Does anyone know if this is true, or is manager just trying to avoid us making negative comments? Thanks,

What great news!!!

So Just got told that reqs that need to be filled are to only be filled going forward using someone from India, PGH or Florida’s cause those facilities are somehow considered “growth” locations. Gtfoh. These places have the most layoffs and yet we’re... — read more 

Two rumors are circulating post the 3 day in office announcement. Anyone have any details? The first, there was an old policy that stated if your building closed down and the new office was more than 50 miles away you were granted a WFH exception... — read more 

‘Most U.S. banks are technically near insolvency, and hundreds are already fully insolvent,’ Bank-sector stress makes a stagflationary debt crisis more likely and potentially more... — read more 

They always find a brand new name Inautix. Inautix- A BNY Mellon Company BNY Mellon Technology BKT. Engineering . Next is Reverse Engineering.... Meanwhile in Operations the name remains the same but the Leadership Changes new... — read more 

JC and BH are losing sleep tonight. ES was a plant all along.

Laughable propaganda around working together No matter how many times reiterate their talking points & say how great & necessary it is to collaborate in person doesn’t make it true. I don’t have a single meeting yesterday, today , or tomorrow... — read more 

Soon there won't be anyone left to provide the cr---y service offering. I smell a Goldman sale.

They’ve been monitoring badge swipes for a few months now. Your manager gets a report detailing compliance with RTO for each direct report: colour coded, maroon, red, mint, and green, based on amount of swipes per month. Make no mistake, a firm like... — read more 

Just came out of a meeting. Confirmed 3 days mandatory in office bankwide starting April 10 unless you have a full remote position.

......badge swipes As a senior manager I am being told to consider potentially laying off the people with the least badge swipes regardless of their productivity. BNY is now a Laverne and Shirley company

I have a lot of complaints too because this could be a much better workplace, but I think some people are very much exaggerating…. Do you really think the grass is so much greener elsewhere? If we're going to be honest about it - not really…

They shove their disgusting woke political messaging down our throats while implementing Elon Musk business practices

Fed working weekends to bail out those 186 failing banks .What's happening behind those closed doors ? Obviously, they are not discussing Sports or entertainment. I hope things are getting sorted in the backend , else Big Banks BNY have to come out... — read more 

@OP No, it’s really not a business plan. But it is what bad management does when they can't increase revenues. Thats why we all have multiple CEOs and MDs and COOs. It’s a plan to drain all of the wealth from the many to the few. Do you think... — read more 

I know I'm preaching to the choir, but it's easier said than done. I've seen people work around the clock, dedicate too much of their life on a project, etc to fulfill some request that some higher up wanted or some picky client wanted only to end... — read more 

Sincerely, WF employees

That sustainable spin is for shareholders and wallstreet. This going into the office for no reason is more about egos. Management just making sure you know who is the boss and who is the replaceable peon. Copied from @rys+1lK9mwBQ. Their... — read more 

Has the new Head of Operations from JPMorgan Chase come to BNYM yet? You would think clients would wonder why the Head of Ops role has become such a revolving door. I've lost count ... am I missing someone? That's a lot of names in a very... — read more 

The irony of being lectured during a Town Hall about reducing carbon emissions while also it being insinuated that we’ll need to be in the office more often…

Check those Fidelity accounts, lol!

If you’ve been here for one year and got laid off. How much severance did you get? I know it’s one paycheck per year worked but i heard there may be a minimum amount (3 months i think?) that you get paid.

Uninsured Deposits by Bank: BNY Mellon, $BK: 97% SVB, $SIVB: 94% State Street, $STT: 91% Signature, $SBNY: 90% Northern Trust, $NTRS: 83% Citigroup, $C: 77% HSBC Holdings, $HSBA: 73% First Republic Bank, $FRC: 68% East... — read more 

Who the he-l does BNY Mellon think is gonna do the work in the future?! With all these damn layoffs, massive attrition rates, and barely anyone being hired anymore to fill the damn vacancies - who the he-l does BNY Mellon expect to do the work if... — read more 

Close Oriskany office, and reopen a small Syracuse location. Can’t have an office in the middle of nowhere. Stupid & biased decision was made in Jan. 2021 to close E Syracuse and keep Oriskany

A new academic study on 2023 bank fragility concludes that 186 U.S. banks remain vulnerable to a run on deposits that doomed Silicon Valley Bank, Signature Bank and Silvergate bank in the past week. The paper by four professors concludes that the... — read more 

Volumes have been posted here about the lousy leadership. There must be a few bright spots on the EC… leaders who are better than others. Who would those be?

Bank of America, Citigroup, JPMorgan Chase, Wells Fargo, Goldman Sachs, Morgan Stanley, BNY Mellon, PNC Bank, State Street, Truist and U.S. Bank to Make Uninsured Deposits Totaling $30 Billion Into First Republic... — read more 

The bottom line: Companies looking for a reason to bring workers back to the office may find it in this piece. https://www.axios.com/2023/03/17/svb-employees-blame-remote-work-for-bank-failure

I hope none of you have been exposed to this side of the BNY sh&t show. The Jim, Emily and Ben show is comical. No clue.

Lot of whispering going around that BNY is looking to leave Oriskany. Several units are right now in the process of transitioning major functions to India.

Heard that Corporate will be mandating 3 days a week in office now and that they will be monitoring badge swipes.

Dribs and drabs. Actions in Finance, Ops so far. Maybe other areas too. Not a lot, nothing dramatic but some of these folks (and their team mates) did not see it coming.

Silvergate, Silicon, Signature & now Credit Suisse. Moody’s downgrades banking sector outlook, puts 6 on watch list ,warned it could similarly downgrade First Republic Bank, Zions, Western Alliance, Comerica, UMB Financial and Intrust Financial. The... — read more 

I agree with the title statement. BNY Mellon is taking strides 'to do the right thing'. They are never wrong.