We did not need overbearing, abusive, manipulative British leadership in 1776.
We do not need it now at BNY in 2026.
7 replies (most recent on top)
Enough with the underfunded pension lies. The sales price would have factored in the future value of cash flows of said pension funds, which primarily consist of a portfolio of BOLI, COLI, and TOLI funds.
The new "BNY" branding allows the firm to now plant day-in-day-out operations into Pune. "BNY" does not hold meaning. It's a new firm not connected to either Bank of New York nor Mellon Bank.
With the removal of "Mellon," they are now free to leave Pittsburgh, PA without second thought. The fresh paint and lighting at 500 Ross St means nothing. Is anyone aware if BNY remodel investment of Ross St was 100% their monies? Or if a refresh and investment of their building helped the firm meet part of a local agreement for tax monies returned?
My prediction, 500 Ross will hit the market in 2028-29, when BNY leaves Pittsburgh.
BONY acquired Mellon for one reason and one reason only…
BONY’’s pension plan was underfunded while Mellon’s pension was overfunded, as Mellon set the standard for the rust belt. In year three they stole from Mellon’s pensions to shore up their underfunded pension.
And that children is why we received a fraction of our pension.
Never trust the thieves at BONY.
“Give all the power to the many, they will oppress the few. Give all the power to the few, they will oppress the many.”
― Alexander Hamilton
the Mellon name was basically erased from their history not long after the so-called 'merger'.
They only kept the name for brand recognition, and now even that is gone.
Wish BNY would come back to Bank of NEW YORK instead of woke globalist platform. Miss the tradiotion and real pride it was to say you work at both Bank of New York and Mellon bank. Those institution embraced their history, location, tradition, and communties they were planted in.
RV (and Chainsaw Charlie before him) ruined BNY.