So why did BNY get downgraded?
https://www.reuters.com/markets/us/moodys-downgrades-10-us-banks-warns-possible-cuts-others-2023-08-08/
8 replies (most recent on top)
Because once again, the market has us wrong as we learned from the great CS.
Management is incompetent! That's why!
This company su-ks. Financial reporting is full of state street hacks. Probably should be downgraded more then we were. We have lost our way.
Downgraded because Jack Devery left the bank. He was the star of the show
Moody’s is reviewing the trust and custody bank (BK, NTRS, STT) for potential downgrades.
The reason for BK: because they still employ Akash.
Moodys didn’t downgrade BNYM. Don’t make stuff up. They cut over extended lending banks. BNYM doesn’t lend to any appreciable degree. We’re a sleepy fee based transaction processor. So simple that an id--t can run it.
well I guess it's a review for a downgrade