Ebrahim Poonawala (Bank of America) asked about the sustainability of revenue growth and margin targets if the environment worsens; CEO Robin Vince highlighted BNY’s agility and ability to adjust expenses, emphasizing their diversified revenue engine and reduced macro sensitivity.
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Every year in July the heads running the show say review vendor and cut.
Hey we have contracts, should have dine this months ago.
The yearly process....lol. the best part is that Fiance lowers the forecast, we will find it, more of a joke.
Only expense adjustment is comp.
For years the vendor expenses have ballooned out of control. We pay for services we don't use and pay dearly. NO CONTROL ON VENDOR EXPENSES
typical corporate double talk
What a joke! It is all about the stock market for RV and his minions at the expense of getting rid of employees and outsourcing to Pune!