Thread regarding Bank of New York Mellon Corp. layoffs

ST, LOUIS CORPORATE TRUST OFFICE CLOSED MONDAY 5/20/2019 AFTER 21 1/2 YEARS

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. The good news is there still 3 Work From Home hard-working sweeties in St.Louis still s---ing a paycheck from BNYM and not adding a dime to revenues to the bank.

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Post ID: @OP+Zbp7ofh

2 replies (most recent on top)

Might as well just ride the lightning then, right?

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Post ID: @kwc+Zbp7ofh

Not announced at all internally...

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Post ID: @teh+Zbp7ofh

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