Thread regarding Bank of New York Mellon Corp. layoffs

Possible target for acquisition?

Could help

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| 50192 views | | 5 replies (last February 15, 2023) | Reply
Post ID: @OP+1l7OViL2

5 replies (most recent on top)

@yqi

It’s difficult to envision an acquisition by Goldman Sachs. We’re the armpit of Banking, a sleepy low margin Custody Bank with ancient technology, little automation and high cost of manual Operations staff. Why would they get down in the mud with us pigs?

Fintechs on the other hand might be interested in a few business lines if they have systems to service them and they’re likely to streamline conversion.

Pershing for example could be very desirable if converted to modern systems.

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Post ID: @5nqw+1l7OViL2

As if regulators would allow it...

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Post ID: @vbi+1l7OViL2

GS inside takeover. Give it a year and things will likely look a lot different. That said, I decided not to stick around and wait.

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Post ID: @yqi+1l7OViL2

Mellon was acquired by these fools. Be careful what you wish for….

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Post ID: @chl+1l7OViL2

Dream come true . Keep manifesting and the law of attraction will work in your favor.

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Post ID: @jkk+1l7OViL2

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