The perfect merger candidate for Goldman has long been Bank of New York Mellon.
https://www.theinstitutionalriskanalyst.com/amp/goldman-sachs-bank-of-new-york-mellon
7 replies (most recent on top)
STT and BBH failed merger shows that regulators don’t want even larger custodians, so no merger with NT or STT on the cards. GS and BK are synergistic, but cultures are antithetical. However Robin is making BK culture a GS one by sacking all the people who have any tenure, and hiring clone armies.
I hope this isn’t the future, but I wouldn’t put it past them in their desperate attempt to move the share price.
Woo-Hoo! I always wanted a D.J. as a CEO. Bring it!
This a really stupid rumor. It doesn’t make sense on any level. There is zero synergy.
Northern Trust and State Street are much more likely mergers for BNYM.
That’s a perfect match!
(good job GS defectives!)
Exactly
This headline is misleading! If you actually read the article it says that BNYM is really NOT a good match for GS (and paints BNYM in a negative light especially since our impotent senior management has no idea how to actually grow revenues)!
Robin’s wet dream. You know he spends his entire days thinking about his GS days like some high school football player remembering their glory days. .