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Matt Levine

BNY Mellon Had Some Very Special Interns

And they were "okay," which really must have been a pleasant surprise.

Good lord banking is the worst job:

Emphasis added. Imagine being that BNY Mellon banker and having a huge client, with $55 billion of assets in your custody, accuse you of incompetence for not getting his nephew a job. What can you do? Pointing to your top-tier MBA and expertise in negotiating securities lending agreements would not be responsive. It turns out that those things are not the right measure of competence. Just get the kids jobs.