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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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