Multiple comments say BNYM prepping for acquisition by JPM. Why? What is there that JPM would even want? I don’t see any benefits for them.
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This is going to happen. The corp. Policy changes, bank titling changes, etc...all line up with JPM. charlie is in bed with them and it is going to happen.
highly doubt regulators would permit two G-SIBs to merge when they are concerned about concentration of risk in a single institution. Perhaps selling off a part would be permissible, but not a wholesale merger.
It’s just gossip. Has been flying around for a long time. Hiring former employees does not mean anything other than Charlie is hiring people he knows.
There obviously is some financial benefit if they are merging/ taking over...