Instead of being reprimanded or even shown the door, the only "consequence" low performers see is being sidelined. Most of their work is transferred to the rest of us while they're ignored. Why this is being done is beyond me. Why reward somebody for... — read more
New dormant status
Truist I think will take over Pfizer as the most dormant stock with no gains after the buyback boost goes away. The long term strategy just isn’t good.
Stock buybacks begin 3rd quarter
Bill and BOD sold insurance off so they can begin the stock buybacks to increase share price. Board voted to spend 5 bil on share buybacks. Some of you think Bill is gonna get the boot, LMFAO!
Here’s how all this breaks down
The retail team, especially those in branches are the heart and soul of this bank when it comes to client facing roles. They take way more abuse than they deserve generally at the hands of departments that can’t seem to get their act together. This... — read more
Decision making after the age of 65
Nobody should trust any aged brain to make complex decisions. That is all.
Layoffs next week?
There was talk a while ago about layoffs at the start of July, what happened to that? Has it been proven wrong or not? Should we worry about next week?
Retail Banking Updated
Long story short, corporate caught wind of what our region leaders were telling us to do with mid year reviews. Now our region leaders are advising us to share with BLs and their teams that we have to grade performance as the overall score number on... — read more
Retail Banking
Long story short, middle management came to the conclusion that we should manufacture and manipulate how we will assess teammates and branch leaders this mid year. Our region leader told us that we now need to look at all individual categories on P2P... — read more
This bank doesn’t seem to care about what’s right
The unfortunate reality is that they will probably let RTO create natural attrition, and just hire others at a lower pay rate, and not blink an eye. This bank essentially wants warm bodies in seats so they can continue to justify the leases they... — read more
Weaver out?
Can anyone verify?
In-Office Requirements - Say Bye to WFH & Hybrid
Truist has recently mandated that employees return to the office, with the exception of a select few who are mysteriously exempt. This decision has left many employees frustrated and upset. The new executive managers, most of whom are external hires... — read more
Lawsuit Filed Over Data Breach
WRAL.com is reporting that suit has been filed over the data breach. Here's to hoping, but not expecting, for heads to roll. https://www.wral.com/story/charlotte-based-truist-bank-sued-after-data-breach/21494665/
$109 million in deposits held for fintech Yotta’s customers vanished
Nearly $109 million in deposits held for fintech Yotta’s customers vanished in Synapse collapse, bank says https://stocks.apple.com/AYBXgudAwRXGvdDfOcz53dQ
PLEASE STOP USING TLAs on this board!
There are too many, and most of the time I don't now what they mean. :(
TN team
what is happening! so many people have left?
Dr. Death Out!!!
Dan Stephenson's reign of te---r is coming to end. His last day just announced July 1.
bad management committee
Who is starting this committee to turn in bad management to a website followed by large shareholders? Then the large shareholders can remove board and Billy Bob.
At what point is enough going to be enough
Since Kelly was fleeced in the merger Truist stock is down significantly, thousands of employees have been let go and a lot of top talent has bailed and taken clients with them, total assets has shrank, major revenue producing business has been sold... — read more
Truist - our purpose is LinkedIn circlej--k
Am I right or wrong
Conduct Committee
Who caught the email about the new “Conduct Committee” and encourage teammates to turn in purpose driven teammates?!
Average cost of EEOC lawsuits
Average cost of EEOC lawsuit is $75,000 plus amount the company pays to settle discrimination or retaliation claims (which on average is $40,000). One would think Truist management would be more diligent in preventing these types of federal lawsuits... — read more
Leadership change required
Beau to CEO! Let the best player play!! IYKYK
Data breach on the source
Where on the source can I find the update on the data breach?
Why is it hard to become an AVP at Truist?
Is it that there are more talented people? Or am I not good enough?
Lie detector test
Shareholders should require all the Truist clowns like Billy Bob, Beau-zo, and Krusty Cagle to take lie detector tests to retain their jobs. Question 1: Are you making decisions in your best interest or the firm? Question 2: Do you hate people?... — read more
Anyone still holding TFC stock?
I’ve read many opinions on this forum regarding the fate of Truist. Nearly all of them have displayed a lack of optimism. I too have ‘not so fuzzy feelings’ about the future. That being said, I stopped the employee purchase last year, but have kept... — read more
Salary structure
Can someone comment the current salary structure per job grade for Truist? I know it was available via the intranet. I left and am looking to come back, but wanna make sure the job I’m applying for is within what I’m asking for. Glassdoor and other... — read more
Summertime Layoffs
Has anyone heard/rumors of when the summertime layoffs will begin?
Back office slop
Does anyone else here find that pretty much ALL of back-office is an entire dumpster fire?? I can’t believe tfc doesn’t get into like serious lawsuits and stuff sometimes. From Credit/PM’s all the way down to back office IRM parter departments (like... — read more
If I caught a wish fish
I would ask for just one thing - to mute for eternity anyone using a corporate speak.
MORTGAGE
Is anyone else in this department miserable?
Wells Fargo Fires Over a Dozen for ‘Simulation of Keyboard Activity’
Make sure not do do this.
How on earth does David Weaver still have his job?
This guy has been at the head of Commercial Banking for a decade. The bank is on fire and he still has that damn surfboard in his video calls.
TAS decline continues under Harbrecht
Had high hopes we would see change but status quo around here. Inept leaders being able to continue to lead as people walk out the door to competitors every week. Promotion talk whirling around for people who are obviously over their skis as a way... — read more
Dan Stephenson
Dan, CIO, with West Point's might, Dreams of outsourcing, chasing light. "To follow the sun," his vision unfurls, For a fifth home, another yacht, his desires whirl. But on the golf course, with CEO Rogers, a muppet so merry, A stumble occurs, pants... — read more
If Truist told you to jump off a cliff would you?
Truist employees are basically lemmings that will do anything for money. Have some respect for yourself and find a job where you are valuable…I know you have it in you!
RTO NOT EQUAL
RTO NOT EQUAL. SOME REMOTE ON TEAM OTHERS ARE FORCED IN. MAKE ME UNDERSTAND HOW THIS IS FAIR!
David Jankowski has resigned, interim is John Giattino.
Seems like he was a Senior Group Technology Manager reporting directly to Dan Stephenson. Anyone know why he stepped down? Who is John Giattino? Anyone know if this is good news or bad news for Truist?