The government should probably start the process of breaking up the bank. An executive order would work best.
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Or is Shart and the BOD shopping the major businesses already to head off the enviable Fed breakup , Shart to exit with major pay day on the heels of it. Starting to see consolidation again with US Bank buying MUFG retail ops. Banks going to need to consolidate more to combat technology costs and Fintechs
If you are gonna break up, start with the third line , and then second , and finally the first line . Show special attention to Tech Control , especially the CTO folks.
Please be gentle. @1ztc was educated locally and likely doesn't understand that he has the option to invest in other vehicles than Wells stock in the 401k. It is a horrible approach but there’s now way for us to help…
What kind of id--t-mo--n thinks their money is hidden from the US government in a domestic bank account?
Clearly someone who doesn't work in banking.
Government will have access to (generally) all our banks accounts soon anyway…why not run the bank too!
Breaking up is hard to do.
I have exactly 0% of my 401k in company stock. Just as it should be.
@1ztc why do you have your 401k so heavily invested in WF stock? that's a horrible approach.
never mind imploding your 401K as the stock tanks.
Don't EVER ask for Government assistance, because you take what they decide to give you and when they want to give it. Think real long before you jump.
No doubt in my mind they’ll break this bank up.
Just a matter of time. Front line risk is a complete disaster.
Even better idea.
The government takes over and we all become federal employees.. I take my tenure and immediately retire with a government pension, then go look elsewhere.
I agree. If all employees got 25 months of salary, I see why not ?