Third quarter results are in and it’s worse than expected. Expenses are through the roof. Brace yourself as layoffs are the only thing management can do to right size expenses to the revenue size and offset all the compliance staff. Charlie will be forced to make staff cuts in the 4Q to start bringing expenses back inline
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Trust department is apparently being shopped around. Will be interesting if our new CEO agrees with selling this business since BNy has a large trust practice
I wonder which businesses he’ll sell off. Those people will be the lucky ones.