Thread regarding Wells Fargo & Co. layoffs

Wachovia Merger with WF Did Them In

The Wachovia merger more than doubled stock WF market value and tripled number of employees to high of 300,000. But since WF and Wachovia had shady business practices it only increased the magnitude of fraud bankwide.

WF at a third of the size were already up to their eyeballs in misconduct and didn't need the help.

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Post ID: @OP+SuD0QoP

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Wells Fargo will be broken up by its business parts. It’s hebonky way the Fed can say they’ve out an end to the fraudulent culture at WF

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Post ID: @yyk+SuD0QoP

Yes because they became bigger it emboldened in continuing to act recklessly and fraudulently.

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Post ID: @shp+SuD0QoP

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