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The reincarnation of Aaron Burr?
Better quality NY bagels in the BNY cafeteria. I can't imagine what else.
A couple of powerful activist shareholders on BNY’s board would get a merger done right quick. But even the activists don’t bother with BNY anymore.
NT are after one thing ..... NEXEN
Why would NT ever agree to this? They are simply taking the unsatisfied BNY clients. Seems easy enough.
Also, I think BNY has clearly demonstrated their inability to run a private banking business.
I merger with a large India based outsourcing company would seem like a better fit.
LOL… no sane company wants us. With all the failed strategy, cuts and destruction Robin has caused, he thinks he and his gangsters are qualifief to ‘run’ another institution. It’s like turning a chimp with rabies into a passenger jet pilot.
@c7
There never was a merger. It was Robin and his board looking to savage a functioning decent company instead of his own employees this time. NT held up the garlic, the cross and holy water for its own sake.
The merger has been called off.
BNY asked the girl to prom and she said no, I’d rather go solo.
NT has been stealing their customers for years. Thats what they want. BNY is also being sued. If i was NT i wouldnt come near this sh-t fest
Fresh souls to harvest.
@a4 Completely gets it.
All the people back that left BNY for NT?
Much.
BNY Mellon has ongoing “underperforming potential” and no true transformative partnerships. NT would come equipped with an instant set of relationships with other institutions that already look at BNY as an ungainly ‘has been’. Private banking is another. NT specializes in this and it’s a great money maker. BNY flushed its private banking prior. It preferred to chase windmills with Roman leading the charge. And now, the digital assets debacle has proven to be a broken nose and two black eyes for BNY. NT private banking and Wealth mgmt would fix it just by merging. Finally, the clearing and custodian businesses are really archaic, not growth and most of all- non strategic. This has investors in a tizzy no doubt. Robin and his axe swinging are certainly not strategic either. The company is flatlining intellectually, culturally , Investment mgmt. and prospect wise. This is not good. And with the roof starting to cave in, the board demands quick action. We need NT far far far more than NT needs us!