Once more into the offshore rabbit whole.
Truist is the Bud Light of banking
Management sounding so smart while they talk to themselves in front of you. it sounds so good it has to be right. Until it isn’t. We are in the ‘Isn’t’ part now. At least the dividend is safe. I guess the $1.6-$1.9B in cost saves isn’t... — read more
Purpose Driven Bank
Nailed it if your Purpose is to lose 50% of your market cap and run off customers
Truist Financial Has Fallen To 'Cheap For A Reason' As Management Credibility Evaporates
Summary Truist Financial's management has failed to deliver on the promises of the SunTrust deal, resulting in four downward revisions in four months and damaging its credibility. Another Guidance Cut, Another Hit To Credibility Management once... — read more
Which areas are the most toxic here?
There is no doubt that the bank in general is deteriorating very quickly. I'm really interested in what you would say, which areas are the most toxic? It's a shame, because it drives the remaining good employees to the competition, while the... — read more
"Bold changes"
So Bill says there are some "bold changes" coming! Can we start with having him step down and insert someone that knows how to rescue our failing bank?
After earnings are reported where do the layoffs come from?
CRE, OI, community banking, mortgage,tech, all the above. Could they sell ELF as it has underperformed since merger by significant dollars. What say you “Teammates”?
Audit is Toxic
There is a toxic smog across Audit and it's only getting worse. My manger is miserable, I am miserable and everyone I talk to is miserable but no one feels they can speak up. If they have not posted out already, they spend evenings desperately... — read more
So what’s the real reason
Kelly and BBT board granted Suntrust the leadership of new bank? Not just at the executive level but throughout middle and upper management except the community bank which they don’t appear to care for anyway. Anybody really know?
Nobody regrets leaving Truist
My advice is to get away as fast as you can. Things are only going to get worse for us. The people I know who quit have no regrets over it. They are enjoying their new jobs and not looking back. There's no reason for any of us to stay a day longer at... — read more
So how’s that RTO working Teammates?
Let’s hear about it.
Truist stock
Major day in the market and TFC closes down again. June is over and its Time to roll up the rainbow flags and put the virtue signaling in the rear view mirror and getting back to Making money again.
RTO and 30 Miles of Office
Has anyone been communicated that only people who live within 30 Miles of a Truist Office location are expected to RTO even if offer letter said remote? So basically, if you are outside of 30 miles and your offer letter says remote then you can still... — read more
Fed Stress Test
More about how well the bank is run: The banks that had the lowest capital ratios under these tests were the midsize banks, such as M& T Bank and Citizens Bank, and super regionals, or banks with a national presence and over $500 billion in assets... — read more
Pride @Truist
Ge-z that conference call…. Here’s something I wish we took pride in - Trying to get the stock price up.
Truist stock down 30% year to date : )
I worked at Truist in Columbia, SC. Worst experience of my life. Terrible leadership, ALWAYS short staffed, and unobtainable goals. To those that are hesitant to leave, do it! You deserve happiness and there is so much opportunity out there!! Let... — read more
Anybody else notice the post about new head of mortgage being removed?
They obviously monitor this site.
Leadership mantra
How can leadership be doing a great job IF their principal mantra is- Lack of any respect towards employees Cheating employees, misleading them, and HR blind to ugly going’s on all this while employees are made to overwork to pick up... — read more
We have your best interest at heart!
The company sent Channel 9 the following statement: “As we return to a normal, post-pandemic working environment, we believe we do our best work when we have the ability to collaborate in-person. In alignment with our purpose to inspire and build... — read more
Charlotte Business Journal Charlotte Business Journal - Truist's top priorities
Going to be a rough year! Take care of yourself. Charlotte Business Journal Charlotte Business Journal: "One of Truist's top priorities this year is to focus on funding and reducing costs as the banking industry could likely see higher capital... — read more
It is very obvious that they want me to quit
Isn't it very obvious that they are pressuring us to leave without severance pay? I definitely intend to leave, but only when I find a better option because I won't miss my severance pay no matter how much pressure they put on me.
At least there'll be fewer layoffs for a while
I'm not taking pleasure in other people's misery, but at least those who decide to leave due to RTO will help those of us who decide to remain. I believe that if the attrition is large enough, there will be no need for layoffs for some time to come... — read more
What are your thoughts on the comments on The Source article about RTO?
Do you think EL is reading them or just ignoring them?
RTO is RIF in sheep’s clothing. Change my mind.
RTO just as summer kicks off in conjunction with school. Different LOBs doing different things. This is merely a RIF disguised as Better together. How many will dip out because of this? I am strongly considering it. Anyone else?
Still the same?
I left this sweatshop when the MOE was announced. Do they still expect you to treat ELT like they are infallible gods? I hated that cr-p. And no, it's not like that at other places.
EL Thanks
I think the EL is doing a great job navigating uncharted waters. It’s not easy but they are stepping up and leading us to success. I know many feel otherwise, but I truly believe we are positioned to achieve purposeful results. If we can live One... — read more
RTO email coming today or tomorrow
I’ve heard that required return to office 3 days a week will be communicated today or tomorrow. Has anyone else heard anything?
I like worrying about my job all the time. Would Truist be a good place to work?
I enjoy living paycheck to paycheck and worrying that my job might get shipped off to India at a moments notice. I also like being bogged down in meaningless processes and filling out redundant spreadsheets that are always urgently needed. What... — read more
If you stay, your purpose is to be miserable.
Title says it all. You can either complain and be miserable or get the heck out of that sinking ship. I did and it’s glorious. I no longer have night sweats and dreams of Bill cutting me open and feasting on my vital organs. It’s like I... — read more
Overwhelmed like never before
This is insane. Is there anyone here who isn't overwhelmed? The most depressing thing is that the manager does not even realize that the goals are unrealistic.
Going to competitors
I would be paid a little better, but despite everything, it would be very difficult for me to go to work for competitors after the years spent working here. I would like to hear experiences of those who, after many years of loyalty to this... — read more
This is intentional
Does anybody else feel like there is a plan in action to make people leave without a severance package? Just read through some of the recent posts and you'll see exactly what I'm talking about. Something like that is precisely what I would expect... — read more
The biggest reason to leave?
I feel drained. It's become difficult for me to think of any reason to stay here other than the fact that I have not landed a new job yet. Is it even possible to single out the biggest reason for leaving this place, given that there are so... — read more
They don't like happy employees
It is my impression that the leadership does not really want happy employees… Otherwise, why make life difficult for good employees in every way? Without any hope that things will get better here, I wonder what they will do next to make this... — read more
BBT plus Suntrust = Truist
In January 2019 BBT market cap was 37.26 billion. Combine the two banks and the market cap today is 38.52 billion. Where did all those synergies of size go? When are Bill and the boys going to be held accountable? To late for Kelly the King, he has... — read more
Truist Foundry launches Long Game mobile app to foster healthy financial habits
Let the gaming begin! "Truist Long Game changes the way clients save, learn, and engage with their finances. By combining the responsibility of saving with an engaging mobile gaming app, we incentivize users to take control of their financial future... — read more
Branches
What changes are coming?
Is there any strategy anywhere?
We really relying on acts of care to raise this stock price?
Regional management take a hint
This company is so f'd up. Customers are pulling out money and coming into the bank upset. Management does not care.
Truist Analyst says SOFI is the future of US banking
Andrew Jeffery is on CNBC saying that now.. LOL