Thread regarding Bank of New York Mellon Corp. layoffs

Acquisition Question

We cannot survive very long as a low cost transaction processor. It seems that State Street or Northern Trust might be interested in acquiring us simply to provide cost reductions due to economies of scale.

But then again, we don’t have a significant return for our un-automated operations h3ll.

Which of State Street or Northern Trust would be better to acquire us, and is there any remote chance that a few Fintechs might consider buying us as a parts bank?

I know that this is all a dream… but I wonder…

by Anonymous
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Post ID: @OP+1kF7EL4f
Comment! It's anonymous!

8 replies (most recent on top)

If Blackrock takes us over, we will be part of the evil empire. If you have a soul, quit the minute they make the announcement!

by Anonymous
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Post ID: @1nuz+1kF7EL4f

In all honesty - who would want us? We really have nothing to offer to even put anything on the table so nope not happening

by Anonymous
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Post ID: @jcq+1kF7EL4f

LOL

by LOL
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Post ID: @vsq+1kF7EL4f

Thanks. Appreciate your comments and observations.

by Anonymous
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Post ID: @ebz+1kF7EL4f

We sold Alcentra in 2022 as well.

by Anonymous
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Post ID: @smb+1kF7EL4f

Even if you ignore BNYM's unique position as a federal contractor, remember that just 2 months ago the brakes were put on STT's acquisition of BBH (mutually apparently). This was in the works for at least a year and BBH is such a small company compared to STT.

What I think will happen is more LOBs get sold off - they already got rid of Hedgemark. Then again, BNYM buying Milestone may not have been the smartest idea.

by Anonymous
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Post ID: @pcr+1kF7EL4f

They’d have to sell it to regulators. Company is a GSIFI, and alone in clearing US Treasuries.

Combining with another major FI will be a tough sell.

by Anonymous
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Post ID: @mlm+1kF7EL4f

We all have dreamed of JP Morgan , Citi acquiring us in the past but it never happens. I know where this is coming from. Now the biggest contender would be GS and Blackrock. RV must come up with a plan and present it to Strategy head to sell it to GS and the way BNY has started promoting ESG initiatives, led by Blackrock is making us more vulnerable to be striking a deal with Larry Fink a Visionary in the Banking industry, also a advisor to the US Fed Bank.

by Klaus Schwab
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Post ID: @zau+1kF7EL4f

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