#banking

https://www.cnbc.com/2026/08/23/wells-fargo-citigroup-deals-regional-banks.html

I left almost a year ago, but the anger stayed. Thinking about the years I gave them still makes me want to vomit.

At the outset there was a great footprint, a lot of good people, a seemingly strong set of businesses, solid client loyalty and an opportunity in the banking landscape.

What will the business school case studies say went wrong?

Does anybody outside of boomers even go there anymore?

Specialized industry groups-waste of
Money w AI

Is Wells Fargo going to start allowing customers to purchase cryptocurrency like Bitcoin and some sort of stable coin? If this is real when will this happen and how?

https://www.charlotteobserver.com/opinion/article316910881.html

Let's the badge wars begin.

Anyone know when the second GCC is scheduled to be operational? I believe it is in Hyderabad and fully owned by the bank. Indian news media had it a few months ago.

How do I cash out the six BNY stocks we were granted back in 2023?

I clicked transfer but was met with “your cash balance is $41.36. To make more cash available, you’ll need to place a trade”.
Total account value $1033.82

Explain to me like I’m clueless (because I’ve never done this), if I click place a trade, what do I select or click next?

I just want my money.

What happens next year or in two years? Will the bank eventually care a little less or still fire people for not complying?

https://www.jdsupra.com/legalnews/eeoc-sues-citizens-bank-for-disability-27163/

https://www.msn.com/en-us/money/other/bank-of-america-ends-back-to-back-remote-days-for-hybrid-staff/ss-AA2a63P6?ocid=msedgntp&pc=ACTS&cvid=6a7f22320f7f47b794912555dfdf4ad7&ei=26

The revised hybrid work policy, including the ban on consecutive remote days and the three-day in-office requirement, will be implemented across all Bank of America offices in the United States. The bank has not disclosed the number of employees who will be affected by this change.

Since we follow the lead set by the big banks, is this next for us?

“Bank of America changes up work-from-home policy for all hybrid employees.

Bank of America is enforcing a new post-COVID policy where hybrid-eligible employees are no longer allowed to work remotely on back-to-back days, the Charlotte-based financial giant confirmed Wednesday.

This means Bank of America employees will still have flexibility with three days in the office and two days working from home, but remote days cannot fall on consecutive days, such as Thursday and Friday or Monday and Tuesday.“

Fifth Third Bank is implementing further workforce reductions in the Detroit area following its acquisition of Comerica Bank. The bank recently informed the state of its intention to eliminate 234 positions at the former Comerica Operations Center in Auburn Hills. These latest layoffs are scheduled to take effect by September 11. This brings the total number of job cuts related to the merger to over 700 in Michigan. The specific reasons for these additional job cuts were not disclosed.

Detroit, Michigan

https://www.freep.com/story/money/business/2026/07/22/more-layoffs-michigan-53-comerica-merger/91013014007/

Under HK’s “leadership”, U.S. Bank has gotten so desperate as to schedule unsolicited client appointments on bankers’ schedules.
Unbeknownst to the banker, the client has not requested any appointment. The banker calls the client, thinking that he or she is an interested client seeking U.S. Banks services, and instead gets an earful, informing them that, in fact, they requested no such appointment and in some cases haven’t solicited U.S. Banks services in years.
Sometimes up to 4-5 appointments getting added to banker’s schedules, all of them undesired and unsolicited.
So the bank’s new approach is essentially spray and prey.
How much further a step is another account opening scandal from this type of conduct? GK must be so proud.

Citibank has recently eliminated 268 positions at its New York headquarters. This latest action is part of a broader, ongoing layoff initiative by the financial services firm. Year-to-date, the company has reduced its workforce by 881 employees in New York City. These cuts are attributed to aligning staffing with business needs, technological efficiencies, and transformation progress. The company previously announced plans to cut 20,000 employees by 2026.

New York, New York

https://www.thinkadvisor.com/2026/08/07/citi-cuts-268-jobs-at-ny-headquarters-part-of-ongoing-layoffs/

Who on the Operating Council, in your opinion, should our new CEO layoff first?

Its interesting, I walk into local branches and am greeted by smiling, seemingly happy bankers who just want to know how they can help me. How could Jon Q Public ever know that behind these smiles lies a corrupt, devious, and completely immoral leadership that is driving good employees away in droves?
Until Jon Q Public is impacted, it will not change.

And was on an approved leave of absence is that legal has anyone ever heard this happened before ?

Citibank has announced plans to lay off 59 employees in Hudson County. The company filed a WARN notice with the New Jersey Department of Labor and Workforce Development. These layoffs are scheduled to take effect on October 31. This follows several previous workforce reductions by Citibank in New Jersey this year. The affected jobs are primarily in corporate and regional office operations.

Hudson, New Jersey

https://www.northjersey.com/story/news/hudson/2026/08/05/citibank-layoffs-hudson-county-nj/91179071007/

https://www.msn.com/en-us/money/economy/wells-fargo-s-ceo-says-ai-will-erase-tens-of-thousands-of-jobs-here-s-why-he-s-still-not-worried-about-your-wallet/ar-AA29sDZU?ocid=msedgntp&pc=U531&cvid=6a7377c54a9f435dbe5a0f53d954433b&ei=42

I've been scanning other banks on this site, and it's discouraging. Everyone seems to be dealing with the same issues, from layoffs, to toxicity, to bad leadership. I want out, but I don't want to jump from one dumpster fire to another. Is there actually a better alternative out there, or is this just what the industry has become?

Looking to transition from Merrill to possible portfolio manager 1 position in the private bank. Does anyone know much about PB these days?

Lots of agents have been made, none of them good. Any1 know of any agents that are actually useful and have any benefit over what workbench does?

What is going on with Small Business Banking? The company has laid off a number of branch based Small Business Specialists and have begun hiring phone based Small Business Specialists along with more branch branch Small Business Specialists?

I keep hearing the manager are thieves at this bank? No point in working to have your commissions stolen? Anyone have feedback on this? Particularly in the Charlotte region?

I get an interview for another bank.
So I go look at their board.
RTO complaints... desktop tracking... complaints about the Phillipines and India...

lmao, its the same everywhere people.

I always assumed layoffs came with a guaranteed cushion, which made them less scary for me. Yes, you lose your job but you get a decent safety net to get you through the unemployment stage. Then I found out severance is 100% discretionary and now I'm spending all my free time job-hunting while I still have a paycheck.

I was ‘laid off’ (UK) and had purchased travel insurance as a benefit. Is anyone able to provide details of the provider/group group policy number as having trouble locating.
Many Thanks.

Fifth Third Bancorp is implementing further workforce reductions following its acquisition of Comerica Bank. The bank will eliminate 234 positions at a former Comerica operations center. This latest action brings the total number of job cuts in Michigan to over 700. These layoffs are part of the ongoing restructuring efforts after the significant merger. The company is streamlining operations to integrate the acquired entity.

Auburn Hills, Michigan

https://www.crainsdetroit.com/banking-finance/cdb-fifth-third-layoffs-20260722/

What weeks will be included in the Aug 2 WOE pull?

Does anyone have the bottom/top in the salary band for Director in Manchester?

1) Bill Rogers
2) Ken Thompson and everyone else at Wachovia
3) Kelly King
4) Ken Lewis
5-10) let’s hear who else is bad?

Layoffs in operations business banking. Processes being sent offshore to India. Curious if the end goal is to send all of operations there eventually.

Imagine if a bank decided not to compete on being less bad than everyone else.

Imagine if it looked at the industry and said, “Just because everyone is doing it doesn’t mean we have to.”

What if it stood by the remote employees who had already proven they could succeed instead of treating them like a problem to solve?

What if it expanded opportunities instead of restricting them?

What if people weren’t waking up every morning wondering if this was the year their role disappeared, their office closed, or their job was outsourced?

What if leadership understood that fear isn’t a culture. It’s just survival.

Imagine a workplace where employees felt trusted instead of monitored. Secure instead of disposable. Valued instead of interchangeable.

People who feel safe don’t spend their energy worrying about what’s coming next. They spend it solving problems, helping customers, mentoring coworkers, and finding better ways to work.

Loyalty isn’t created by reminding employees that another company is treating its people even worse.
It’s created by giving people a reason to stay when they have other options.

A company willing to break from the herd instead of following every industry trend could become known for something far more valuable than quarterly cost savings.

It could become known as the place where people actually wanted to build a career.

I wonder how different the future of banking could look if one company decided that leading the industry meant doing better, not just doing less harm.

Why BofA is hiring contractors in such huge numbers? Is it just usual business or something big is going to happen.

When do they run the workplace excellence reports? I thought it was supposed to be the first Sunday of every month (ex: June 7, July 5, August 2, September 6), but I noticed they ran it in June on June 3rd instead of June 7.

Great Southern Bank is implementing a multi-state workforce reduction. A WARN notice details 66 positions affected across four states. Missouri accounts for 45 of these job eliminations. This reduction includes closing nine bank locations permanently. Layoffs impact Kansas City metro and Springfield corporate headquarters.

Kansas City, Missouri

https://fox4kc.com/news/great-southern-bank-announces-layoffs-in-kansas-city-metro-in-multi-state-reduction/

For those who have gone through the Branch Manager Trainee program or had experience seeing someone else go through it, I’d love to hear your thoughts. It seems like a much more structured approach than the old model of hiring Branch Managers and essentially throwing them into the role. Has the trainee program been worth the extra time, or did you feel it delayed getting into your own branch? Was there a job placement as a branch manager after 6 months or longer?