At this point the sum of the parts may be greater than the whole

Folks... The board is not going to get rid of Charlie.

There will be more layoffs as cost cutting will continue.

Also, don’t be surprised when Asset Management, Wealth, and Pershing are divested.

This will make the company a much more attractive acquisition target despite others who have claimed Charlie is a “growth CEO”. There is zero organic growth in asset servicing and the company will struggle as a stand alone custody bank.

Think about those other large Financial institutions that would love to get their hands on that 33+ trillion in AUC to diversify their business models.

At this point the sum of the parts may be greater than the whole.

Remember, Ed Garden from Trian (Activist Investor) is still on the board. They’re going to want the maximum return from their investment.

Good post. Think that @YHsvV4j-2wnl told the ugly truth.

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Leex good points but I just don't see it. I think it's too important to the financial system. Rumor has it an lob was going to be LBOd by insiders but it was considered too important to the financial markets so it was a nonstarter with regs.

lznr, this is the OP...

First, BNYM is a bank of banks.

It’s split (not evenly) between investment management (AUM) and investment services (AUC).

BNYM would have not have an issue divesting pieces of investment management.

I understand your point on the investment services side (large $ in AUC), but that could be broken up as well (doesn’t have to be sold as a whole).

The current Trump administration, which by the way the FTC (not the SEC) and the DOJ fall under, provides a ripe environment for these types of large business transaction.

Never say never... and make no mistake about it, BNYM is shopping some of its LOBs.

Why couldn't Charlie be removed? Bob Kelly was ousted by the board.

Disagree I full..BNYM is a SIFI which will never be approved by DOJ or SEC for a merger or any financial action. As long as it is a 34.5 trillion behemoth almost 2x the USA GDP no one is getting near it. BNYM is risk averse aka it looks to REDUUUUCE risk not take on risk like a traditional bank. When you think of BNYM and its importance to the US fin sys think of the car companies and their strategic defense importance to the US defence sys. Food for thought.

This is one of the more intelligent posts yet. Logical speculation.

It's all Crony Capitalism at play while life's get destroyed through layoffs..the Russians with communism look really good rite now.. even their chicks are hotter !

Charlie himself claimed that he wants to grow. It is indeed perplexing as to why he feels this way and why he invested for “growth” when there is little growth to be had.

More likely to investment was to plug the leaks and put lipstick on the pig.

I’m not sure (yet) about the idea of a planned divesture, but I agree with your thoughts about Charlie not leaving anytime soon. It is just not that easy to remove someone at that level.

Thread regarding Bank of New York Mellon Corp. layoffs

At this point the sum of the parts may be greater than the whole

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