We’ve definitely been sold to either Goldman or JPM.
It’s just a matter of time now before they announce the sell and layoff of full business units.
Full decimation soon.
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More likely to be a high tech company buying Bony for their leading edge technologies. 😂. Why would JPM or Goldman buy Bony? They both clearly understand the Bony business model 😂 better than anyone.
Well there’s been no corporate action on the BNY shares I own?
https://www.tomshardware.com/tech-industry/artificial-intelligence/over-80-percent-of-companies-report-no-productivity-gains-from-ai-so-far-despite-billions-in-investment-survey-suggests-6-000-executives-also-reveal-1-3-of-leaders-use-ai-but-only-for-90-minutes-a-week
It definitely wouldnt be JP with the amount of GS being brought onboard
This is all the more reason to STAY THE …. AWAY from this company both as an investor and a career prospect
Good longstanding reputable and growing firms do not change their names or tickers for limp wristed reasons.
Usually this means:
A merger
Spinoff of business lines
Changes in business direction
Major restructuring
Breakup of a large company
Getting free of debts , accounts payable outstanding & prior obligations (eg. pensions)
Increasing a company’s indentity or market presence
Other- this is a scary one too
Companies just don’t do this for looking nicey nicey on the exchange.
They are rebranding us as a “financial platform company” instead of a bank.
This is how they will get around regulations to sell off parts of the company to both JPM and GS along with others.
It’s RVs final slice of the money pie before he jets off to retire.
That’s what several of us were saying. Interestingly, 4 people in a neighboring department (out of a total of 6) up and quit—not laid off, quit (!)