https://www.businessinsider.com/wells-fargo-private-bank-transformation-and-abbott-downing-talent-exodus-2023-5
5 replies (most recent on top)
Great article (thanks to swa+1ms5j6ma) for the link. The Chuckster didn’t transform anything. What he did was ki-l the ultra rich market for Wells.
CS can’t manage WF out of its regulatory violations so he needs to dump lobs. How long before Keebler runs what’s left of mortgage into total closure. I’m sure he has some new credit card to roll out & build more office space (see DFW & NY) that we don’t need.
It's the same story across every LOB. The current CEO and OC are incompetent.
I don't understand why the Board of Directors and Shareholders are not beating down the doors for them to be fired.
“Client dissatisfaction with the exodus has made its way to Sommers and Scharf. The duo had to meet with a Los Angeles client with $300 million in deposits who threatened to leave after his banker changed several times, according to another former senior executive familiar with the conversation. The customer, whose identity is known to Insider, did not respond to multiple requests for comment.“
Would love to know who this badass is. Having the CEO and one his direct reports of you bank by the ba--s…. And that bank is Goliath Wells Fargo. Gotta be an ego boost.
Https://archive.is/eR3Ak
Firewall - can you copy and paste