Signature Bank of MY just taken over by the FEDs.......
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Short posts can be mis-understood. I am not a shill by any stretch, but I kinda like to see subjects really to the point on this and other boards. True that bank failures would have an effect on, possibly, Fiserv among others. We're really better on target with internal politics and layoffs. My 2 cents.
If the point of this board is to document not just actual staffing changes, but also factors that make them more/less likely, then events that drive or mirror culture may well be in scope. Said differently, if a client like Signature that's running a complex, multi-product Fiserv solution goes south, that may spawn some unease at the mothership. Beyond whatever revenue goes away, there may be some concern -- and I don't know whether reasonable or unfounded -- that if Signature was using a Fiserv ALM solution there could be questions of liability or reputation risk. SO, when a big Fiserv-supported bank flops, there may be bigger issues than just revenue that could affect F staffing levels long-term. Make sense?
Look, schills/HR/Frank, Fiserv is a financial services company who has banks as its clients so of course bank failures would be relevant to Fiserv.
And so this means what to discussions on this board?