Here in the US, it seems all top management positions are being taken by ex-JPM staff. Is a merger on the cards?
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My golden retriever knows a Wall
Street insider who confirms acquisition meetings are daily
I see lot of folks wearing BNY branded clothes ! What's up with that !
Can I walk in and open a BNY account and get a free toaster?
Breaking News: BNYM already has branches or offices for private wealth customers in key cities. These customers use banking and asset management services. Walk into a Schwab or TD Ameritrade, ask questions and imagine the same thing for the wealthy.
JPM obviously has needs with high fee banking/brokerage branches in a low fee era. Custody and Pershing could make sense as BNYM offerings certainly have scale.
The vulture investors have started getting an eye for BNY watch out !
Too big to fail would not allow this deal.
How about STATE STREET BNY MELLON ?
What do branches have to do with the business that JPM would acquire from BNYM??????
Agree with 1uqj. JP Morgan got branches coming to Pittsburgh for this reason.
The top management realises that there is enough dough $$$ to be made in this company so they are s---ing it up dry before they move to another company to satisfy their hunger.
These vultures (top mgmt) have started to eat this company slowly and steadily .. who will suffer in the end - the employees who will be laid off eventually..
JPM will have no interest in buying this trash
I know a semi-insider as WSJ who tells me there are definitely some very hush-hush meetings taking place regarding that. The apparent idea would be to split the company ... sell the asset management pieces, JPM takes over Pershing and custody.
For the 700th time, NO
There is nothing at BNYM that JPM would want and regulators would not approve such a deal.