,,,what changes can we expect? Or is it perhaps too much to expect some significant changes?
Some people I’ve talked to expect big changes, while others think that everything will stay the same.
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There will be some changes, to attempted changes. Someone from GS will accept less B$ and hopefully will not put up with the mediocracy this company has long endured.
Remember, he is one person in a land of losers on his EC so it may be impossible to make changes.
@3hco, of course. Fixes were not supposed to be any part of migrating to GF.
CDW SMDB & PSS migrated to GF with no fixes and still barely functioning. When clients complain just tell them that they’re wrong because they’ve now been moved to GF.
What kind of person calls keeping more of your own money a "windfall"?
Oh, and GF wasn't just a server replacement and already resulted in more secure, more stable, more scalable, more monitored, more standard systems.
Should have spent the Trump windfall updating our technology instead of the most expensive server replacement ever. We had the capital for free and we sure blew it. None of it went to the people who worked free OT for years.
I think we should be prepared for major changes, to include those mentioned below as it relates to long work weeks, business attire, and maybe 5 days a week in office. A merger is very possible. The required technology updates will consume quite a bit of capital that we may not be able to afford under our current model. Would be easier to have those costs spread across two entities our size. I believe we call those synergy’s in MBA speak. Could possibly be a merger not commonly seen to be between a traditional bank and a fintech.
I am not saying these things to anger others or to provoke fear. It is just the way I see it coming. People asked to lead large banks are very proud people and need to either one-up their predecessor and if not capable, they bow down to them if their time at the helm is predicted to be short, as we have seen over the last few years with TG and his very positive comments about CS.
Treasury Services division will be sold to GS within 2 years. The players are now in place.
Let’s see 60-80 hour weeks, suits, interns fetching lunch from Shake Shack for the higher ups,,,,,what else????
We'll take our safe and stable assets and roll them into some kind of snake oil products like they did with mortgages and oil futures. Then the other former GS execs in govt will forced taxpayers to bail out AIG so we can file our insurance claims against them.
The same except a merger coming soon.