Thread regarding State Street Corp. layoffs

Should be interesting how the guidance goes forth. My guess there will be more pain and lay offs than previously announced. Banks are under scrutiny and with the rate increase by the fed coming too late, all banks are in the hot seat. This should have residual effect for STT in a negative way. Highly unlikely the upper crust will take cuts to defray costs and layoffs, that would be too much to ask or expect.