Since BNY and SS are basically doing the same thing, could a merge be possible soon? I don't think having an office in Pittsburgh will last. https://www.bostonglobe.com/business/2019/01/18/state-street-says-laying-off-workers-cut-costs/l8XIC0bfQaRuhteOXIbb4L/story.html
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I can’t see government regulators approving a merger of that size. That would most definitely create a bank that is too big to fail. A combined 55 trillion assets under custody, another 3 trillion or so in aum.
Zero benefit to SS