Thread regarding Bank of New York Mellon Corp. layoffs

Q4 Results - More Roman Failure

No wonder Gru is laying off people all over the place. He continues to bleed the life out of Securities Services. How is he getting away with this? Whose photos does he have in a locked drawer?

Look at the 4Q results - they speak for themselves

Asset Servicing revenue down year-over-year
FX revenue down 21%
Net Interest revenue down 3% (how is this even possible in this rate environment!?)
Expenses up 5%
Total income down a whopping 21%
Pre-tax margin down from 27% to 21%

The supervillain must go! Take Portney with you

by Hastalavistagru
| 3842 views | | 10 replies (last January 16, 2024) | Reply
Post ID: @OP+1qxnLztP
Comment! It's anonymous!

10 replies (most recent on top)

I’ll believe when Roman finishes his 6 year FAX elimination project.

by Anonymous
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Post ID: @4vlh+1qxnLztP

@OP

Good luck in ever getting FX Revenues up. Clients have long memories and BNYM FX is tarnished forever after Senior Management gave clients the worst rate of the day and took the best rates of the day.

God bless Grant Wilson, the FX whistleblower.

https://www.forbes.com/sites/corporateresolutions/2011/10/13/the-secret-whistleblower-at-bny-mellon-how-grant-wilson-and-his-new-partner-in-no-crime-harry-markopolos-are-changing-the-game/

https://www.9news.com.au/world/usa-news-bny-mellon-whistleblower-gets-50-million-payout/d42ab9bf-94e6-4888-9ba8-d0bfbf6f5c78

by Anonymous
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Post ID: @3qnr+1qxnLztP

Grade B super villain is the perfect, PERFECT analogy for Regelman! He makes Gru look competent by comparison.

by Anonymous
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Post ID: @3jdq+1qxnLztP

I’m sure they’re sick of you telling them why you call him Gru. That’s why they walk away.

by Anonymous
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Post ID: @3udj+1qxnLztP

Oh I know, but what you don’t know is that virtually nobody knows this grade B movie with an actor who reminds you of Regelmann.

by Anonymous
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Post ID: @3kzo+1qxnLztP

If you can’t put 2 and 2 together (the headline and the commentary underneath) and figure out who is being referred to, you clearly have bigger problems to address. On that basis, I take it you’re BNYM management.

by Anonymous
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Post ID: @2dsi+1qxnLztP

You can tell everybody you know, but you and only you Associate Regelmann with some tool in a grade B movie that no one has ever seen.

by Anonymous
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Post ID: @2gva+1qxnLztP

Anyone who works in Asset Servicing knows exactly who Gru is.

by Anonymous
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Post ID: @2xdr+1qxnLztP

Nobody knows who you are calling Gru. It’s id--tic.

by Anonymous
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Post ID: @2ost+1qxnLztP

They were waiting for the etf bitcoin... He will make a huge huge HUGEEEE $ on this. They have been preparing for this for ages. It's live now - bny will be the only/best provider

by Anonymous
| | Reply
Post ID: @1zev+1qxnLztP

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