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  • commented 7/6/12
  • tags: BLK STT BAC
  • As much as I want to see STT succeed, this whole article seems desperately pushed. Smoke and mirror IT savings along with previously mentioned reasons absolutely cannot justify $51.

    http://www.forbes.com/sites/greatspeculations/2012/05/30/state-street-ready-for-51-and-title-as-worlds-largest-custody-bank/

    http://www.forbes.com/sites/greatspeculations/2012/06/11/state-street-munches-on-more-assets-with-goldmans-fund-admin-business/

    All of these variables are far too insignificant compared to STT's grievous mistakes:

    http://www.reuters.com/article/2012/05/07/banks-forex-idUSL2E8FQXXX20120507?type=companyNews [ less... ]
    As much as I want to see STT succeed, this whole article seems desperately pushed. Smoke and mirror IT savings along with previously mentioned reasons absolutely cannot justify $51. http://www.forbes.com/sites/greatspeculations/2012/05/30/state-street-ready-for-51-and-title-as-worlds-largest-custody-bank/ http://www.forbes.com/sites/greatspeculations/2012/06/11/state-street-munches-on-more-assets-with-goldmans-fund-admin-business/ All of these variables are far too insignificant compared to STT's grievous mistakes: http://www.reuters.com/article/2012/05/07/banks-forex-idUSL2E8FQXXX20120507?type=companyNews
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