There’s a lot of speculation about a merger with BNY. Anyone have any real details?
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As an internal BNY employee the invasion of the body snatchers started with Robin. Then came an influx of GS folks, whispering quietly in corners and closed door 1:1’s that don’t get canceled.
Sudden retirements and replacements. Legacy layoffs and clear it out the voices of dissent.
Major culture overhaul that has felt great form the inside. All to boost the stock price and …?
No need for a merger at this point. It’s already happened, if not on paper.
Just a place for careers to bounce back and forth, with better hire packages each time, perhaps or spinning of the parts to the highest bidder?
Folks. We're not "too big to fail". We're just a failure. Look at the losers running this organization!
Folks. We're not "too big to fail". We're just a failure. Look and the losers running this organization!
BK, still best damn road food.
It’s been DTC since at least 1982 when I first began to work with them.
DTC and DTCC are used interchangeably ... both are referring to the Depository Trust and Clearing Corporation. Same smell.
@2avg, wrong. It’s DTCC. Depository Trust & Clearing Corporation
It’s DTC, not DTCC.
I read an analysis a while back that suggested that the only good merger for BNY would be with DTCC.
Aren't we just selling off a piece? Probably to Goldman.
State Street and BBH couldn’t get their merger past the regulators. Little hope for a BNY Mellon and just-about-any-firm.
@1fmn Robin, your dumpster is on fire. Get back to work!
The question here is would the regulators allow two G-SIBs to merge and form one new Bank. My take is that the two merging entities (or the one surviving one) would ensure everything relates to that approval is thought out long before they approach the deal table.
What chaos and shakeups?
The only problem at BK Is boredom.
I’d love to hear how a simple fee based transaction processing custody bank which does not lend could be too big to fail.
BNYM is not too big to fail. W’ere a simple custody Bank that can’t even offer support for basic corporate actions.
It’s really hard to fail at fee based transaction processing.
It’s ok to say that you don’t know what a merger is. What you’re describing is utterly normal when managers change companies and hire trusted friends and leaders. You were the same one confusing Bridgette and JPM with mergers.
Can we hire them or what
A merger is very unlikely to get approved., but BNY has so many ex-Goldman sachs jocks, it's already been taken over from the inside, a merger is unnecessary
Radio Shack
Could Robin be a stooge sent from GS to prep BNY for a takeover, sorry merger?
GS + BNY could get regulator approval as it wouldn’t increase the Custody monopoly.
McDonald’s
That’s called inside information and can’t be discussed.
There's little hope that regulators would approve any type of merger for any too big to fail bank.
I think anytime there’s a lot of chaos and shakeups, it’s a normal thought that something must be happening. In fact, we might just have really bad company heads.