#banking

Posts mentioning hashtag #banking

Below are all the posts — topics as well as replies — that mention the hashtag #banking.

Mention #banking in your post to continue the discussion!

Let's Go!

Like the song by Calvin Harris ft. Ne-Yo - "Let's Go"

Please see these 4 posts and quotes from other threads.

From the Washington Post (April 2, 2023): “Feel free to spill the beans, ex-employees. Your former boss can’t stop you.”
https://www.thelayoff.com/t/1kgea4gzm

From the NLRB (Feb 21, 23): "Board Rules that Employers May Not Offer Severance Agreements Requiring Employees to Broadly Waive Labor Law Rights
https://www.thelayoff.com/t/1kgeacnt5

From the NLRB about "Concerted Activity"
https://www.thelayoff.com/t/1kgeakdsm

From the NLRB about "Social media"
https://www.thelayoff.com/t/1kgeb10b8

Quotes:

March 6, 2025
https://www.thelayoff.com/t/1jnq61rxs
"Unethical conduct needs to be exposed
BNY is force ranking long tenured employees with PM or BE and depriving them from the Severance, it so disgraceful towards people who have given so much to the company none of the past reviews matter. We should report this in social media if we do in number that will speak for itself…. When we don’t have NDA what are we loosing?"

June 9, 2025
https://www.thelayoff.com/t/1jwysz9hk
"time for managers to take a stand. Bullsh-t that good employees now being called underperformers to not pay severance. UNETECHAL.

COMPANY NEEDS TO PAY OR GET CALLED OUT"

June 11, 2025
https://www.thelayoff.com/t/1jwysz9hk
"Until we band together as a large group nothing is going to change. And I don't see enough people with a backbone willing to to this. Too many sheeple afraid of losing their jobs. Well most of us are probably going to lose them anyway so might as well fight for it instead of lay down."

June 27, 205
https://www.thelayoff.com/t/1jygkgb3m
"We need to get together and start a forum to keep in step with their plan of “reduce staff with minimal expense” (don’t pay severance)
Power in numbers .
Could someone set it up ?Or should I ? Is there interest???"

September 3, 2025
https://www.thelayoff.com/t/1k47t0dan
"This place is toxic

They’re trying to break us so we leave and they dont have to pay severance. We have all experienced it or witnessed the behaviors. , U.S staff treated like 2nd class citizens, wrongful terminations, intentional forced ratings etc. The list goes on and on. Its not going to stop until we all come together and try to do something. We need to report them to your states EEOC . Get An investigation going."

September 25, 2025
https://www.thelayoff.com/t/1k60fr4h8
"Contact your local senate office for the district you live in. Bring as much light to this as you can because if he has his way all americans will be out of a job soon. All he cares about is India and now Manchester his homeland."

October 17, 2025
https://www.thelayoff.com/t/1k7rjbb40
"mgmt does push back and literally gets told its not optional by upper mgmt. if lower level dont make changes which we havent, upper does it regardless. Everyone needs to report the company or it wont stop. We all have local leaders and each state has EEOC plus put it on record with ethics. Mgmt knows there are forced rankings can testify too the bullsh-t as well. Stay silent this sh-t continues while we get let go and india makes out taking our jobs"

December 4, 2025
https://www.thelayoff.com/t/1kbjgv9en
"We need to band together as mgrs on this sh-t. Screenshot any emails or teams messages that show these are forced as proof"

December 6, 2025
https://www.thelayoff.com/t/1kbk9pt5n
"absolutely and every single person here should contact the media to raise enough eyebrows about the topic. They have an email for topic suggestions
cwc-news@interactive.wsj.com. Make sure the subject mentions BNY financial institutions firing US employees and falsifying performance ratings to help do so. We have to get media attention"

December 17, 2025
https://www.thelayoff.com/t/1kcq1468q
"You can turn it in to your states EEOC. As a mgr i can 💯 confirm they forced ratings and changed them after we entered them to hit their reduction %. People have challenged this and the attempt to not give severance and noted on this site they have won. Others noted journalists or lawyers looking into this and wanting details. Check out the “fight them” post"

#Forum #Banking #Banks #ForcedRanking #Ranking

Jane is from the McKinsey group before she hired on with Citi.

Here is a video that outlines her layoff plan during this skit. You can even see her picture on the wall at the beginning of the vid. If you listen really close you can even hear her voice. “Hey, that’s me….that’s me at the top.”
.
https://youtu.be/K7ISnXf6Geo

#Layoffs #Consulting #Banking #Humor

Comerica Bank is set to lay off nearly 200 employees in Frisco following its acquisition

Comerica confirmed it will cut 184 jobs at its Frisco Star Tower site, according to a filing with the Texas Workforce Commission, following shareholder approval of its nearly $11 billion merger with Fifth Third. The company has not announced further layoffs in Dallas.

https://www.keranews.org/business-economy/2026-01-09/comerica-bank-lay-offs-frisco-fifth-third-merger

#Acquisition #Banking #Merger #Texas

Jerome Powell

Good luck with interest rates for the next 3 years. Be like Powell.

https://www.federalreserve.gov/newsevents/speech/powell20260111a.htm

January 11, 2026
Statement by Federal Reserve Chair Jerome H. Powell

Good evening.
On Friday, the Department of Justice served the Federal Reserve with grand jury
subpoenas, threatening a criminal indictment related to my testimony before the Senate Banking Committee last June.

The threat of criminal charges is a consequence of the Federal
Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the President.

This is about whether the Fed will be able to continue to set interest rates based on
evidence and economic conditions—or whether instead monetary policy will be directed by political pressure or intimidation.

#Banking #Banks #Politics #FederalSavings

Lions for Lambs

I was watching this movie and it hit me on how well that phrase represents the bank today. I am generalizing here but for the most part it seems that our lions (level X) are being led by a bunch of lambs (level X-1) all the way up top to the CEO (level 1). No wonder the alignment seems OFF and nothing makes sense anymore.

#Banking #Banks #Company #Leadership

Layoffs are expected after shareholders approved Fifth Third’s acquisition of Comerica.

Comerica’s CEO framed the merger as a move toward innovation and growth, but the deal is also expected to bring layoffs. The bank has not disclosed how many Michigan workers could be affected, saying it is focused on creating a stronger, more competitive organization.

https://www.woodtv.com/news/michigan/layoffs-likely-as-shareholders-approve-fifth-third-acquisition-of-comerica/

#Acquisition #Banking #Michigan #Shareholder