Where'd you get the $100 million charge from? Other than severance & minor adjustments, the consolidation of FNFG's consumer product services shouldn't require a charge. However, their promise of "long term shareholder value" has the familiar ring of CEO's present & past promising to reach the horizon....Somehow, despite lots of movement we never seem to get any closer.
Other than your wanting it to be so, do you have a basis for this prediction? It seems that Crosby's comments about the significant technology investments planned over the next 3 years(!) & the recent hires are not signs that the bank is readying itself for a sale.