BNY is looking to suck every penny out of Custody business. Well said ! The good question is how long we can let these Zombie companies run their operations in Corporate America and US economy ? Is the Fed not Fed up ?
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We’re not a “Zombie Bank” and we’re solvent. There’s no law against being a poorly run Bank and the Fed and our other regulators aren’t going to trouble us as long as we’re solvent and have proper governance.
Personally I don’t understand why any company or individual would hold our shares but good luck to them.
This website is dedicated to expenses who have been reduced
What if we invested in Operations automation in Custody so that we could reduce our expenses?
Oh wait…
What exactly did we get for our money when Roman automated Custody?
Well the other products are underwater so custody is the only place to take!