#risk

Does anyone know which departments or systems have been impacted? Concerned about our information getting out.

https://cyberinsider.com/mckesson-data-breach-exposing-284-million-patients/

I know AI is all the rage, but when I see we're looking for more than $60 billion in debt financing, I can't help but wonder how much risk is piling up. That's a huge amount of money, and if the AI bo-m slows down, I don't want the employees paying for it through more cost-cutting or pressure to hit impossible targets.

Can someone explain what the difference is? For example Central Supervision, Specials Surveillance , Compliance people in the Markets, Finet branch supervisors, internal branch exams etc. Who is who?

Whole teams in Risk and Compliance are gone.

I’ve been following the news and doing some financial planning. I’ve been thinking from a net worth perspective instead of just cash flow.

I get that if you’re already a multi-millionaire, instability from a potential layoff doesn’t keep you up at night. I’m curious though, at what net worth did you personally stop fretting much about this kind of risk?

The usual advice is to save up 6 months of expenses in cash, but I’m curious from the asset side.

Is this an OK question to ask here? Just trying to do some planning when the rumors are floating around.

Use AI and manage AI from inside the US. Outsourcing to 3rd world countries poses security risks.

Why would anyone take this. Here’s a few things I’ve thought about:

1. You have no control or say over how the firm is run
2. No covenants and Class B has no rate floor, so you are last in line for any payouts
3. If something happened in the markets, or the firm is badly run, you have your salary, bonus, and LP at risk, it concentrates your wealth to a single firm you have no control over.
4. 20% over the last few years might not have even been better than a growth fund, so there are alternatives.

The whole structure comes down to whether you trust the current management or not.

What am I missing?

"So began the gradual rollback of ... “tokenmaxxing,” the misguided — and ultimately short-lived — trend based on the idea that the solution to every problem is more AI. That view is falling out of favor, both because employers are reckoning with AI’s runaway costs and because workers are realizing that it’s not always the best way to get things done."

bwahahahaha. Someone tell Derek Flowers. Risk is so fu---d. AI is not the solution, but now the workplace is so toxic and the technology is to clunky no one wants to work in Risk.

https://www.bloomberg.com/news/articles/2026-07-31/corporate-america-cracks-down-on-ai-spending-after-rushing-to-powerful-tools

What will happen to the contract in OK? This seems like a contract violation if key roles are leaving due to the VSP.

Ford issues multiple SUV recalls over fire, rollaway and seat risks
Fire hazard warning: Over 565,000 Broncos and Bronco Raptors are recalled for wiring harness damage that can spark engine fires, with owners told not to drive or park indoors.

Rollaway risk: More than 741,000 Expeditions and Navigators face a park system defect that can let vehicles move in 'Park,' prompting a software fix and urgent parking precautions.

Seat safety flaw: Nearly 400,000 Explorers and Aviators have rear seats that may not lock, risking passenger injury; dealers will inspect and repair at no cost.

Ford truck and car transmission troubles
Widespread complaints: Ford’s 10R80, DPS6, and hybrid truck transmissions have generated thousands of owner reports of hard shifts, hesitation, and loss of power.

Manufacturer action: Ford issued multiple Technical Service Bulletins, recalls, and design updates, but not all owners feel the fixes fully resolved the issues.

Ongoing impact: Litigation, warranty costs, and damaged consumer trust continue to affect Ford’s balance sheet and reputation.

It's not exactly a startup since it's been around for a while, but I'm still a bit uncertain about its future. Would you take the risk?

AT&T and TMO are also up. Look at the history of these telecom stocks. They go up when the other equities go down due to market risks increasing (wars, rising oil, etc.). Grandma clutches her pearls tighter and moves her money to utilities. She'll move it out of telecom when she thinks the risk is less, and VZ will then continue it's slide.

I push cursor-generated code without even looking at it. In fact, I haven't even looked at our codebase in months. All I interact with is the chat window. My teammates don't even read the PR's, they just trust the Copilot comments and approve. So far, nothing has broken. Any other teams doing it like this?

34.78 BILLION with a "B" !!!! Only 3.3 Billion left to use in revolving debt . Think about that ! They still hang on to the idea of sending a huge amount of money to Tulsa operations . Other airlines farm out maintenance and don't have to pay for health insurance , retirement , costly union rules etc . One twister in Tulsa could wreck the maintenance system of the airline for years . Playing Russian roulette ... Is Tulsa an asset or a drain ???

I have a necessary surgery that needs me to be on 6 to 8 weeks short term disability leave. Would that put me at risk for layoff after I return from medical leave?

Oracle is the only major hyperscaler funding its AI buildout with massive debt and deeply negative cash flow (compared to cash-rich peers like Microsoft, Amazon, and Google) If backlog conversion stalls or financing terms tighten, the leverage introduces extreme risk

if your position is not business critical, the business has no reason to reject your VSP application. business critical positions have already been identified.

why did everyone get the VSP? simple... to reduce the risk of discrimination claims.

the only way your VSP application is getting denied is if the elimination of your position will increase risk for the business or if too many people on your team applied. it will not get denied because your PL wants to keep you here (those words came from my PL). if the work can be redistributed to your team, it will be.

someone on my team applied for the VSP and the discussion of how their work is going to be redistributed has already been had. those of us who are staying will have to prepare for things to get a lot worse before they get better.

Another at&t data leak called FortiBleed. This one confirmed for the att.net domain on the tracking database at
https://www.hudsonrock.com/fortinet

Does CSO actually prevent anything or does baich just act like he knows cyber from PLE classes? Wonder how much this one will cost us with customer monitoring for exposures?

Was in the calendar for 23 June, now to be “rescheduled following quarter end close”. Probably waiting to see who’s still here to do the presentation.

I don't think this run up has much more to go. Maybe a little, but it's a lot of risk, especially after seeing how quickly it can drop. I started working at Micron (Boise) in 2004 and just recently quit. I remember looking at the stock price history after I started working there and looking at the run up to 2001 and thinking "of course it was going to come crashing down." Now, I want all of you to look at Micron stock now, and set the timeline to MAX. Compare where it is now to where it was in 2001. even if you adjust the chart to inflation, it still shows a massive bubble. All I'm saying is I wouldn't be long on this stock. I'm predicting a bubble burst in October AT THE LATEST. We'll see if I'm right.

As the following article concludes, Oracle has debt obligations around a quarter of a billion dollars.

What is the interest on that amount?
Does everything have to happen perfectly for 15 years to pay that off?
What is plan B?

https://finance.yahoo.com/markets/stocks/articles/oracle-debt-fever-only-prescription-140741343.html

General Motors produces profitable pickup trucks at its Flint Assembly Plant. This plant relies on daily axle deliveries for production. A strike at an American Axle facility threatens these critical shipments. Union workers initiated the strike on May 31. This disruption could significantly jeopardize General Motors' profits.

Detroit, Michigan

https://www.freep.com/story/money/cars/general-motors/2026/06/08/american-axle-strike-could-put-gm-heavy-truck-output-in-jeopardy/90375511007/

https://www.spglobal.com/ratings/en/regulatory/article/-/view/type/HTML/id/3579174

https://www.reddit.com/r/WellsFargoBank/comments/1u16z4e/wells_fargo_fraud/

Big changes in merrill banking. Word on the street is no more banking quotas monthly for 2026. The new scorecard is radically different suggesting concern over the pressure to open more and more and more accounts. Now the bankers are judged solely on risk and accuracy.
Looks like some freedom fighter took the charge to the Bull, and a RIGHT hook from the disgruntled base connected

thoughts on this?

I'm interviewing in Richfield for a role. How is BBY doing? Do they layoff often? Which departments are are risk?

We need more thinning of the herd.

I see we just farmed out 10% of our Trinidad block to Oxy. I have wondered for a long time what the point of this and OBO is. I understand the idea of risk sharing but how are we supposed to have better returns than our competitors when so many of the projects we do are with them? Wouldn’t it be better for us to do 100% out own projects?

It’s clear that Macondo level magic is rearing its head in 2026 the FAFO year…
Questimate First Oil Date and Peak Production…
The future get cultivated today…

Why do I have to talk to multitudes of people and teams across Member Protection and Risk to update my control? Why does every change go through “review” by people who don’t have anything to do with my process? Why does it take me longer to educate 383, 829 people I’m required to talk to about a change I need than it takes for me to make the change and update the control? I have a risk partner why can’t they make the change like they do everywhere else in the Bank? Are we protecting the members or are we creating made up roles to make an executive feel good? What happened to simplifying and streamlining? How much money is spent on salaries for every change and how is that justified when there are many real, impactful changes that money can be spent on instead?

With so many people leaving the luxoft fin services brand how much longer can it be for the manager to actually star being cut? Am thinking of trading and risk and the muex practise and the big acconts that must be losing money

New York
San Francisco

New York employees may be allowed to relocate to New Jersey although those spots are full.

They are hiding Compliance and other areas of Corporate Risk headcount numbers from regulators.

We remain unethical and shady.

Do we see this virus becoming a US issue and potentially another pandemic?

Do we think the bank will do something different compared to last time

Likely those who follow any news or updates could think twice about ever working at a refinery during times of War. Companies know they will have to bump up the money to meet the rising risks in order to keep employees and have multiple quick back up plans to hire replacements. Might see early retirements.

I've got an offer from a startup. The role is a step up, more senior title, and more interesting work, but my total compensation would drop by about forty five percent compared to where I am now. The difference is equity. If they IPO in the next few years, I could make way more than I'm making now. If they don't, or if the stock is worthless, I've just taken a massive pay cut for nothing. I'm trying to decide if I'm crazy for even considering it. I've got a mortgage and a kid. Stability matters. But I'm also miserable at Open Text. Has anyone taken this kind of risk and had it pay off?

Does anyone have insight into what’s happening with 2LOD Risk right now? From where I’m sitting, it feels increasingly chaotic and disorganized, and it seems like the engagement models are really starting to suffer as a result.

I genuinely feel for our 2LOD partners. They all seem under a lot of pressure—stressed, uncertain, and concerned about their roles. Given that the second line of defense is supposed to provide oversight, structure, and consistency across risk and compliance, it’s especially concerning to see things feeling so unsettled.

It just doesn’t feel sustainable in its current state, and I worry about the broader impact this is having—not just on those teams, but on how effectively risk is managed overall.

With all the Risk folks getting downsized, I was wondering if anyone has experience on retaliation claims. The conduct risk person said they review claims but only a small amount are deemed true retaliation. Funny how the training we take outlines examples of retaliation but those are not retaliation when Conduct Risk investigates.

Dodging responsibility yet again like that case in the Charlotte observer.

Charlie and Bei should be ashamed of themselves. WF is Not a top 5 company for employees…

Anyone know the real numbers? I fear these numbers are artificially LOW…

An Analyst asked on the Earnings call if Meg thought there was a scenario where this discovery wouldn't proceed to development. He started his question by saying how big AF described it to be.

She did not answer the Analyst's question about whether there's a way it doesn't get developed.

CO2 is clearly a know issue with these fields. To not answer and dodge the question by sayijg a great team is working the project sounds like reason to run.

Should we be worried we've dug ourselves into a hole we can't get out of with this biggest discovery in 25 years?