BNY Mellon to take $100mn hit to quarterly revenue from Russia's pullback
Full article https://www.ft.com/content/30389f47-fba2-47b1-8b9a-c507a9ec74b0
I'm afraid of what might happen later.
6 replies (most recent on top)
Any and all pretense of ethics in Senior management ended when we hired Douglas Schulman after becoming the TARP bank. From that point on we are the bad bank and that will never change. Senior Management should be taking the ethics training, not the minions.
Well… just name any bank CEO who puts world and country over personal bonuses.
You will never find it.
I think going forward it would be worth it to pay some kind of leaders tens of millions of dollars a year to make sure things like this don't happen. Oh wait...
We new for MONTHS that Russia was building up troops and planning the invasion. Doesn't our EC have a fiduciary responsibility to protect against the obvious?
BONY & Russia… a 4+ decade dance of collaboration, money laundering, crony scratch my back I’ll scratch yours.
Where is the D.O.J.?
How does this even go on?
This will be the excuse for low bonuses next year
Sanctions work, nothing to see here, small price for shareholders to ensure peace. I am sure those that handle those accounts operationally can just be used in some other area of the bank as well. Aren't there like 5k open positions.