https://www.morningstar.com/news/marketwatch/20230315728/academic-study-flags-186-banks-vulnerable-to-a-run-like-silicon-valley-bank
Jamie Dimon was aware of Jeffrey Epstein trafficking
https://www.cnbc.com/2023/03/17/jpmorgan-ceo-jamie-dimon-aware-of-jeffrey-epstein-trafficking.html
Game Over?
https://voidnetwork.gr/wp-content/uploads/2016/09/Does-capitalism-have-a-future-a-book-review.pdf
Tracking in office time
Heard in 2 different meetings today that they're tracking the in office time now, and that non compliance with the 3/2 rule "will be considered and evaluated". Scare tactics or truth?
Laid-off employees were only attending (daily) meetings
If you're attending daily back-to-back-to-back meetings, you're really not doing any work. CEOs accuse tech workers of doing ‘fake’ work as layoffs roil industry The CEO accused tech companies of predatory hiring and said laid-off employees were... — read more
This is good to see
https://www.cnbc.com/2023/03/07/even-as-layoffs-increase-employees-are-pushing-back-on-return-to-office-mandates.html
Bank of America Shares
Interesting to watch. https://seekingalpha.com/symbol/BAC/
Woke = broke? SVB and maybe BoA?
I read an article last week how the SVB risk leader was more focused on woke policy enactment and increasing d and I initiatives than actually looking at and studying and advancing financial areas and policies of the bank. Anyone reading this post... — read more
Any blowback from SVB?
Is Silicon Valley Bank just the beginning?
quit
People that are unhappy with the bank should quit.
Clock your time
Employees that don’t clock time daily also DONT CLOCK THEIR TIME OFF in workday… guess what that means… they got 5 days that rolled over again and again the past couple years (knowing they took that time off). So just another way those who get... — read more
How difficult to get remote accommodation as contractor?
I have a personal and health situation that makes RTO almost impossible. How difficult is it to get approval for accommodation to stay remote as a contractor? Thanks
Sabbatical
This is a milestone, 30 years for me. I never received any type of email or anything about Sabbatical. Does anyone know how to apply for this? Am I too late now?
Does this bother anybody else?
It seems hard to find anybody under the age of 30 who is truly dedicated to their work. The majority of new employees are only willing to work during their official hours and seem completely unwilling to put in any extra effort or time. This is true... — read more
Recent severance experience
Seeking first person awareness of retirement severance being offered. Not interested in the speculative responses so prevalent in this forum. Very simple question to help someone make a decision. Do you have direct awareness of anyone receiving a... — read more
Is it true layoffs are coming March 27th?
Someone posted this in another thread. If this is true who/how many are getting laid off and why?
MAJOR Outlook Issues!
Anyone else having serious issues with Outlook and maybe other platforms running so slow that you literally can’t get anything done?!? This is INSANE! Been on the phone with Support so many times and they keep blaming one thing after another before... — read more
CFO Group- Black History month meeting
CFO group picked a Caribbean guy to host the black history month meeting. When asked about any obstacles faced during his career at the Bank, he said his life is going “damn well”. 🎤 drop. Lol.
Threatened to show up at office more or face penalty?
Im getting emails form my bosses that upper management is looking at who comes to the office and those that aren't coming in will get consequences.. WTF... Is this high school or something.. Why the bullying now ??
Just do the bare minimum
Remember the bank does not care about you. Don't go the extra mile for it and have low expectations, if you aren't getting paid well then move on. All the double speak your managers constantly use such as "responsible growth", "pay for performance"... — read more
Redeployed
Who else has been redeployed to Life Event Services?
Increased responsibilities and pay
My coworker left and I now have their daily responsibilities which a band level higher. In this environment of no new job postings, limited bonuses and raises, should I expect or ask for a pay raise?
Nervous about Mondays
I joined a team in ops some time ago. The manager is so toxic he used every single meeting with him to constantly criticise me and belittle me. I have been with the bank for over 5 years and never had to deal with someone this toxic. I have been a... — read more
No soft landing?
https://www.msn.com/en-us/money/markets/no-soft-landing-is-in-the-cards-from-fed-rate-hikes-look-for-recession-and-a-buying-opportunity-once-stock-prices-decline
1.2 billions in fines
https://finance.yahoo.com/news/bank-america-totaled-1-2-084259411.html
Job-cutting process
It seems that attrition alone is not enough and they are going for headcount reductions. I wonder how decisions will be made about who gets laid off in investment banking. Do you think that the target will be the worst performers or someone else?
Medical accommodation process
Going for one for the first time related to mental illness and I do not want to share the details of this but it's documented and my psychiatrist is going to complete the form for me. Do I need to have a discussion in more detail about why an... — read more
Unused vacation
When you resign what will happen to the left over vacation ? Is that going to be paid or is it better to take off ?
200 Jobs Cut in BofA Investment Banking
https://nypost.com/2023/02/16/bank-of-america-plans-layoffs-at-its-investment-bank-report Bank of America is planning to cut jobs in its investment bank, Bloomberg News reported on Thursday. The number of cuts, which are still being discussed... — read more
Bank of America finally taking a hatchet to its investment banking jobs
https://fortune.com/2023/02/16/bank-of-america-planning-layoffs-investment-bank-jobs/ So much for "natural attrition". A lucky 200 will get a beautiful package - where can we sign up?
Bonus up/down from last yr? Salary raise?
How much did your bonus go up or down from last year on a percentage basis? Did you get a salary increase, and if so, what %? My case is unique as I moved to a new group 6 months ago. Curious to hear from those in a more typical situation (stayed in... — read more
Layoffs speculation
Are people just trying to create panic when they write that massive layoffs are around the corner, or is there actually some truth in that?
10 year anniversary gift
Can anyone share what the 10 year service anniversary gift (approximate value) is? I know we get to pick from a catalogue…just curious if it will be a ream of copy paper or a fancy paper clip holder?
Loyalty at Bank of America is a thing of the past
I'm sad to say that the company that once valued its employees now couldn't care less about them. We were considered to be a valuable asset once upon a time, but now we are nothing but numbers. No matter how long you've been here, they will cut you... — read more
Contractors RTO
Are they seriously going to force DPT contractors to RTO for Charlotte? I heard there’s spacing issues/construction still pending for an office near the Gateway Center? How do they even pick criteria for this (eg what if a contractor only has 3... — read more
Work from home
I just heard the Concord location gets to word from home full time. I would love that option. Ok for some to work from home full time, but not all.
When are we getting rid of middle management?
I think every employee in the company knows, other than the C-suite of course, that the most corrupt and broken part of Bank of America is its middle management. They are basically a black ho-e where all communication between the leaders and the... — read more
Medical Accommodation runaround
I feel like HR is making it more complicated to get my accommodation approved this time around by not responding and claiming they're not receiving paperwork. Anyone else having that problem? Is there an appeals process if it gets denied? Or can I... — read more
BOA stock as part of your yearly compensation
When an employee receives shares of BOA stock as part of their yearly compensation, is that based on their band or salary? I always thought it depended on your band but a comment in another thread makes me think otherwise. Just curious if anyone... — read more