Thread regarding Wells Fargo & Co. layoffs

Dimon or Demon?

Stock price says otherwise. Dimon has his reasons for saying $$$$ like this. These elitist NYC banksters all go to the same parties, country clubs, Epstein Islands etc. They watch each other's backs, call in favors, and make sure that their ilk always comes out on top.

I think he meant ‘coming out’ as the next g-y bank

Don't tell me bout bankin'.
It's all rum, b0ggery and the cash.
sick-o-fancy.
but, really, who's on top of this pile?
we'll never know.

Charlie, you got some stuff on the side of your mouth 🤤

Banking leadership is one big circle jerk.

And the employees (literally peons) have to wear ponchos to avoid getting splattered.

Pure propaganda for people outside the bank. We know exactly what the toxic shitshow is that we experience everyday.

Is this another hint at asset cap getting pulled soon?

Eh just retribution for hiring Tolkin, nothing to see here

Am sure some back room dealing went on to get Jamie to say this

All these CEOs do is stroke each other's ego.

Sounds like BS...

By Hannah Levitt
October 13, 2023 at 7:12 AM MST
Jamie Dimon said Charlie Scharf is creating a formidable competitor in Wells Fargo & Co.

As the longtime JPMorgan Chase & Co. chief executive officer described his firm’s competitive landscape on a conference call Friday in response to a question from Wells Fargo analyst Mike Mayo, he nodded to Scharf’s turnaround of the fourth-biggest US lender.

“Wells, you know, who’s coming back, which I’m happy for you guys,” Dimon said before listing other rivals including Goldman Sachs Group Inc.’s Marcus, Apple Inc., Chime Financial Inc., Dave Inc. and Stripe Inc.

Scharf took over as CEO of Wells Fargo four years ago with the mission of moving it past years of scandals. He spent decades working under Dimon across multiple firms before leaving JPMorgan in 2012 to run Visa Inc.

That explains the price bump.