Wonder if TK the poster child for SVB cheerleading will own this or blame others . Maybe less dancing and more working would be good for #bankontech . Wonder if oneCT will mean TK will offer up her job or someone else’s job.
Regional Banks and Credit Unions Customers Incoming...
Most these smaller players are going to get washed out from lack risk controls over the years, regulators barely watch the smaller players. Basic concepts like match maturity just went right over the heads of bigger players like SVB, think of the... — read more
SVB Failed
I saw that headline in the news, and asked myself: Which one, the bank or the person?
WF STILL hasn't restored customers' funds!!
The missing/backed out direct deposits from customers accounts this week STILL hasn't been restored. Some customers say funds are now "pending" but still not available. They can't pay bills! WTF is going on? Is WF using customer $$$ to temporarily... — read more
2 week notice fulfillment
When I give a 2 week notice will they shut me down immediately or give me the whole 2 weeks to work it?
Its good to working at Wells Fargo right now
The most important risk areas, Credit Risk, Market Risk, are best in class at Wells Fargo. You know where all the failed bank customers go with their deposits right to Wells Fargo. Wells Fargo is going to clean up once again like every major market... — read more
Charlotte RCSA Team
Anyone else get a "temporary assignment" to an RCSA team for 18 months? It's being sold as a great career opportunity, but I see it as advance notice of a layoff. Am I wrong?
Silvergate Bank liquidates
Crypto prices fell Thursday after Silvergate, a bank that has been at the center of the industry’s growth, made a decision to shut down.
In other news
Some Wells Fargo customers posted online that their direct deposits and scheduled paychecks were missing from their online banking accounts Friday.
Silicon Valley Bank Just Failed
Who is next as banks start having issues.
Sol Gindi: Getting Wells Fargo Advisors Growing Again
https://finance.yahoo.com/m/279437bb-37ba-3e31-8b26-de86453e7985/sol-gindi-getting-wells.html Typical reactive Wells Fargo: Do everything you can to destroy the business, drive FA’s away to the competition, decimate our reputation, cut out... — read more
Michelle Lee to Retire
Congrats and kudos to an amazing career!
Leave Wells Fargo behind or stay?
So I was laid off from mortgage in November. I’ve been with wells for 22 years and I’m 52 years old. I now have an offer for another position with wells with the same base pay. I also have an offer with a much smaller company with a 10% increase in... — read more
I hear the word "toxic" on this board a lot... 7 of the most toxic behaviors. Are they seen at Wells Fargo?
On the cnbc website there is a good article titled "A psychology expert shares the 7 toxic signs of ‘highly insecure’ people—and how to deal with them" (search falk 7 signs). Here are their most common toxic behaviors, according to Harvard career... — read more
Week of March 20
Any insights of what teams, how large the layoffs are expected and what areas will be impacted? Mortgage, tech, non mortgage, non HUB sites?
Council of Foreign Relations
Did you know Wells Fargo is a corporate sponsor?
Enterprise PC Lifecycle Program is just as broke as the rest of this place.
Have been on the same laptop since 2017, virtually unusable, throttled, fan runs full speed if you even think about opening Outlook. Finally get an email to do a refresh and to prepare for an upgrade. Confirm my address and then receive an email with... — read more
the stock price is up today...
nevermind
Hey WF, be like GM
Offer voluntary buyouts!!! From the article: U.S. employees who are approved for the buyout will be granted one-month pay for every year they worked up to 12 months, as well as COBRA health coverage. They also will receive prorated team performance... — read more
Most recent round on 3/7/23
Wells Fargo did it again. This time they laid off most senior employees in portfolio underwriting and kept most non performing and lesser experienced underwriting team. This has to be the biggest mistake and this new management team has no direction... — read more
Medical Waiver
Has anyone submitted a medical waiver to not go in the office? Any feedback helps. I heard some people got it and it was approved but I am skeptical about it for the long run of things.
Do holidays still count as in office day?
Haven't seen this asked in a few hours so I thought I would check if it was still the case.
Hit the nail in the head...
With this quote... "the purpose of...propaganda was not to persuade or convince, not to inform but to humiliate; and therefore, the less it corresponded to reality the better. When people are forced to remain silent when they are being told the most... — read more
WFC was trading at $48/share when Charlie took over
It’s at $43 today. Peers like BofA and JPM have seen a gain in their share prices in that period. Still no end in sight for the asset cap, various consent orders, etc. Decimated the best mortgage business in the nation. But we’ve spent hundreds of... — read more
Job class question
salary range question. In the same location, can a P5 in one job family have the same salary range as a P6 in another job family? I am comparing Risk/control to Tech. If trying to move up should you always consider the higher P# for more... — read more
RTO- Rollover Minutes
Say you worked 8.5 hours in office on Mon but worked 7.5 hours in office on Tue. Rollover minutes has you covered
No mention of Intl Women’s Day
No mention of Intl Women’s Day or Women’s History Month on the COO TW page. Not a shock.
Will servicing/ loss Mitigation get hit next?
Was bounced to servicing, loss mitigation area as well as a TON of other folks too. The workload is lite over here. Any word heard of downsizing over here too?
Old manager
Received an email with a previous manager on it and noticed he is now some BS consultant. Wells does need to cut the fat in some areas. He was completely useless. Unbelievable how someone like that keeps climbing.
Displacements Advisory Group
Just saw a job posting for Displacement Advisors to join the “newly created Displacement Advisory Group within Human Resources.” So that’s just swell.
Hours in office
Does anyone have an actual answer as to how many hours you must be logged on to the network for it to "count" as an in-office day? At my site it seems Iike at least half of the people there leave for the day before lunchtime.
Layoff predictions
None of you “predicting” dates and huge layoffs have been right. I don’t believe any of this info. None of you have inside info or been on big executive calls. Liars and trolls.
Control Town Hall Meeting... WTF was that?
I am at a loss for words. What did I just watch? This bank is crippled by the Fed's consent order and this bozo the clown character is who we picked to lead the charge to get us out of the toilet? You have to be kidding me. There were so many things... — read more
U.S. probes Wells Fargo's retention of employee communications
Feb 21 (Reuters) - U.S. regulators are investigating Wells Fargo & Co's (WFC.N) retention of employee communications over "unapproved" messaging tools, the bank said on Tuesday, the latest in a crackdown that has already sparked billions of dollars... — read more