https://www.cnbc.com/2026/08/23/wells-fargo-citigroup-deals-regional-banks.html
9 replies (most recent on top)
@gq The culture wasn’t the train wreck it is now. Hudson Yards didn’t exist. Big mergers like that are not easy and it’s a zero-sum game. Wachovia could have stayed on course to be part of Citi… that WOULD have been a train wreck.
Doesn't take much of an imagination. Plenty of us were here when WF bought Wachovia.
Why are we buying a bank that's just going to lead to more layoffs again? Makes zero sense given our leverage.
Can you imagine how much of a clusterfornicate it would be? You think the culture is toxic now, wow. I’ll make the popcorn if somebody brews some tea to sip.
Years ago I thought WF might buy a regional based in the NE or rust belt, to expand our scope. Shart isn't capable of doing those kinds of things well, so it probably won't happen now.
Given the OC only knows how to cut headcount to meet quarterly expectations, it's not difficult to see Charlie and company would welcome the distraction of buying a franchise with its products and customers. They can't seem to grow our current businesses fast enough, so this could give them a step up.
Interesting article but no one is on/off the record?
Seems like pure speculation on cnbc
Schwab would never muddy its brand by letting wells buy it. Besides, it already took TD ameritrade a couple of years ago.
I think Wells may just buy a wealth management firm instead. Schwab maybe? Charles is in his mid-80s. I just find it weird this insane migration to Advisor Gateway when very few ppl at WFA know how to use it well and still very buggy. Its almost like they are trying to get WBS/PCG ready for a merger with an external firm asap.