Thread regarding Northern Trust Corp. layoffs

Should NTRS buy Wise?

This would be a good opportunity to try something new.

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| 721 views | | 3 replies (last December 8, 2023) | Reply
Post ID: @OP+1ozoc1Vc

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Wise is valued at $8 billion, in a little over 10 years of existence. It’s main products are mainly focused in the too small and too price-competitive, FX market.

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Post ID: @1pyyb+1ozoc1Vc

If NT bought Wise it would have to be renamed UnWise.
Seriously, the personal FX market (international transfers) is too small and too price-competitive to waste any time on.

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Post ID: @1mrvj+1ozoc1Vc

NTRS probably ends up being acquired by a big bank itself before long like US Trust years ago.

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Post ID: @omaa+1ozoc1Vc

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