Thoughts,
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I could see the Suntruist culture merging well with that of Wells Farto. Seems like they both value their clients just as much and also their employees. What a bank. Like a giant or-gee of clients and employees getting rammed. Welcome to SunWellTruist, destroying one good bank at a time, RIP BBT
If anything It should be broken up. The whole better technology schtick is a crock. For my old group it was just someone who knew how to use macros in excel or sent to India to “automate”.
Competitors need Truists’s customers, NOT people, NOT the brand (truist brand lol), and especially NOT managers/directors (lol).
So they will let truist rot slowly, while stealing most profitable customers and most productive employees
@2bzi+1gMaC2qU - could be multiple reasons. A big one (and probably the most dangerous) is you are losing the “wrong” people, or those who “produce” substantially more than they “cost” the bank.
My team has lost some really solid
long-term producers. I have been shocked at how ambivalent management has appeared in responding - historically losing people of this calibre would have been an “all hands on deck” issue.
In many cases it is still early, but we don’t appear to be attracting the calibre of employees we have lost - but that is only anecdotal. I would love to know what other people are seeing.
Can someone explain how the efficiency ratio is higher first quarter end this year (58.3) than end of first quarter 2021(56.9) after all the RIFs and the early retirement packages? Makes no sense and is also a reason stock has plummeted. Anyone understand this?
Obviously I am kidding, but after the legal fight wouldn’t it be absolutely hilarious if Truliant ended up buying Truist - and change the name to Truliant!! Heck, if the stock price continues to perform the way it has the last two decades, at some point they may be able to afford us.
That brings something to mind. I personally can’t think of a long-tenured CEO that accomplished less than Kelly King, and yet faced such little scrutiny. Our stock price was pretty stagnant over his long tenure, and yet he never seemed to face any real performance scrutiny at all from his BOD…
None without congressional approval.
That is a well run conservatives bank, wish BB&T had merged with them in the first place. They may not want this dumpster fire to deal with.
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