The St Louis & one other domestic CT office is being Closed today. Impacted employees are being notified with packets from HR.
4 replies (most recent on top)
There were 4 remaining people in the office when it was closed on 5/20/19 which opened 8/25/1997. Back in 2001 this office employed 65 people and had revenues of $9mm a year, Constant brilliant management and their stupid decisions eroded revenues over the years. It didn't matter how well the office did, management always had to make changes that p-ss-d off customers and employees. They couldn't of did a better job of destroying revenues if they tried. They have all but destroyed Corporate Trust at BNYM and I have no idea why they don't sell it except for arrogance and ignorance. Trading the BNY banking business for JP Morgan's Corporate Trust was the ultimate stupid decision in bank history. That is why Jamie Dimon is a winner and BNYM is stuck with id--ts for management.
Any idea as to how many employees will be let go as a result of these office closures?
I think OP means Corporate Trust, not the state CT.
Which one in CT?