With all the layoff hysteria going on at WF, does anyone have any insight, at all, what the story is with those in client facing and credit underwriting positions within the Middle Market Bank??? I “assume” this bank still wants to generate something called REVENUE, correct, and will need people still to fulfill that task, right??? I am speaking specifically about MMB market executives, relationship managers, credit portfolio managers, market credit leaders, portfolio execution specialists, credit team managers, etc. Any information pertaining to these specific roles would be appreciated!!
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I know MMB has had layoff, specifically in credit. I know of double digit number of people who were laid off last week including myself. Underwriters, underwriting managers, relationship associates, closers, construction loan managers.
Bold assumption OP...
You’re talking a lot, but not really saying anything!!!
According the powers that be, Wells Fargo is now a technology company that rivals Meta, Google and Microsoft. Wells Fargo is no longer a bank. We do banking on the side based on what I heard in the tech town hall last week. May want to reach out and let the Senate banking committee know that the transition was made.