Michael Mayo
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Michael Mayo
Michael Mayois an American poet, and editor...
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The performance of the Bank of New York's retail bank has lagged, the stock value of pure-plays has increased, and Bank of New York stock has lagged. We sense that the time is right for this move.
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The charge for credit cards should help upcoming quarters for loan losses. Also, the company should benefit more than most from ongoing restructuring, including $800 million of remaining merger savings.
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There's a lot of chefs in the kitchen.