After doing whatever he could to ignore the employees that work under him by laying off hundreds of his employees, after throwing tantrums when employees would give him feedback about working from home, after waging a campaign to toss aside employee/customer concerns the head of SPCM retires. Fortunate timing to retire before regulators get wind of the directives he's implemented. Good riddance
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We only have thousands of people in risk and control. We won't need to work on last issues, just controlling the future. Much easier to maintain than to fix
When do you think they will lift the asset cap? I think soon. Only have to wait for the Federal Board of Governors to stop baby sitting us. At least that is how Zacks see it.... Zacks has WFC as a strong buy (#1)
https://www.nasdaq.com/articles/wells-fargo-nears-end-195t-asset-cap-amid-regulatory-progress
On the contrary @mtbf character is who you are when no one's watching. If we're laying off the people who work to make sure we're satisfying those consent orders then how are we going to be able to continue doing the right thing without those people.
Since we're winding down a lot of the consent orders, there doesn't seem to be a need for a large group to work on it any longer.