We have all the knowledge in this bank and know how to run it and right now is being run into the ground! When do we rise up?
Where the F is Charlie???
All announcements come from the press, legal, Scott or Derek. Where the f**k has Charlie been and when is the last time anyone heard from him?? He's running this place into the ground and is MIA constantly. Worst and most worthless CEO in the... — read more
Stop the madness
IT is the worst I've seen it in over 2 decades working here. Every single team is backlogged with work and understaffed. Emergency processes are being used for normal work because requiring approvals from multiple teams, that each have constantly... — read more
Scott Powell has created a mess in India
Wells Fargo India is a smoke screen to hide old broken processes that we committed to fix but didnt. No one in India has a clue what they are working on. India management is under investigation for embezzlement and frauds. And no one in United States... — read more
“Wells Fargo has agreed to work with U.S. bank regulators to shore up its financial crimes risk management, including internal controls related
Well that’s special. With that and $2 you can ride the bus.
Severance Eligibility
Will I be eligible for severance if I sign employment offer during notice period but start new job after severance paperwork have been signed?
The survey we need
Management needs to ask the following questions and then think long and hard about what they're doing wrong once they receive results: How many employees have considered quitting in the past few months? How many employees are planning to leave within... — read more
Please make every effort to complain about the offshore expansion in Global Employee Survey
This is dangerous and short-sighted for the bank. The talent pool and the quality of work are concerning. The potential of data breaching is very high once the offshore recruiting is significantly expanded.
Wells Fargo & Chase, what a team...
https://www.cbsnews.com/sacramento/news/wells-fargo-wrong-check-banking-industry-measures-call-kurtis/
Breaking news !
https://www.reuters.com/business/finance/occ-issues-enforcement-action-against-wells-fargo-2024-09-12/
Feeling lost after being laid off
A month ago I was laid off after six years at Wells Fargo, and it's really messing with me. I thought I'd retire there. Now, I'm scared the next job won't be as good. I know I can find something else, I've already had some offers, but the change... — read more
Control programs teams
I saw someone mentioned on this site that control programs, EBCE and FLIV will see layoffs. Any info on this would be appreciated.
BE already bringing in her pals. Let the games begin
Buckle up WF tech! MB next…
News
https://www.cnbc.com/2024/09/12/wells-fargo-cannot-expand-into-certain-high-risk-areas-without-permission-regulator-says.html
Relocation?
What’s up with the change of heart and now offering relocation packages???
Get (your stock price) down with OCC…
The internal spin seems to make this out as incremental kumbaya but the media makes it out as a net new enforcement headwind.
Time for a rsk shake-up
How many more fines and enforcement actions do we need? When are we going to hold some executives accountable?
Question from out of college newbie at WF
Does having WF on your resume have value these days? I took the job simply as a starter. I’ve been here for 6 months now, and already have a feeling it’s a waste of time. Granted I have no significant previous experience, and my perspective is... — read more
Another Week Another enforcement action...
Sept 12 (Reuters) - The U.S. Office of the Comptroller of the Currency said on Thursday it had issued an enforcement action against Wells Fargo Shares of the bank fell 4% in afternoon trading.
Global Ops offering Relo packages to "eligible" employees
Which means they probably cant send any more roles to I&P or they cant find suitable replacements onshore in hub cities (qualified talent avoiding this place), what do you think?
HelpDesk- RSA unlock
so, i like out in the sticks, and my RSA account is locked out. I called the helpdesk and they stated they are unable to assist for now. They stated that i would need to come into the office or an approved alternative office. what gives? did... — read more
Hi did early payday work normally for you?
Hi my paystub looks normal but I didn’t get my early direct deposit payday last night as I have for months into my Wells checking. Are you seeing the same? Asking because I am very proactive with my finances and like to pay all bills and allocate... — read more
Teams phone calls recorded?
Are Teams phone calls recorded? Any subject matter experts want to comment?
Do better c-suite sc-m
https://www.tiktok.com/@classygould/video/7410153162029419806
The Future of Wells Fargo
Today I’d like to talk to you about our plan to chart a better course. I took this job because I believe that our country and communities benefit from a strong Wells Fargo. I am confident we can do what’s necessary to move this company in a... — read more
This article on advisor retention made me chuckle
https://www.advisorhub.com/wells-fargo-cfo-says-tide-has-turned-on-advisor-retention/
WF Avoiding Severance Packages
Has anyone heard about the ‘hundreds’ of employees moved to COO EBCE Control Management? Instead of laying off, all these people were put on a temporary work assignment with this group to help them pass some ‘phase’ requirement. Some people have a... — read more
Wells Fargo CFO Says ‘Tide Has Turned’ on Advisor Retention
LOLed when I read this one. https://www.advisorhub.com/wells-fargo-cfo-says-tide-has-turned-on-advisor-retention/
The Facts
Charles W. Scharf has been chief executive officer and president of Wells Fargo & Company, and a member of its Board of Directors, since October 2019, its been 5 years! Oct 25th, 2019 - stock price $51.57 adjusted for inflation $63.08 Sept 11th... — read more
I&P Pay Scales
Most of the stateside job postings have a pay range noted (P4 $95-115k as an example) but the I&P postings do not. Where can I find I&P pay ranges?
P4 Lead Specialist salary
I am a P4 lead specialist and making 115k in average cost of living area......Am I getting lowballed? Also what can I expect my bonus to be?
OOO when displaced
Do I set an OOO when displaced? I have applied for a few jobs within the bank. Should I set an OOO for that reason? Otherwise, I wouldn’t.
56 and looking for a job
I'm constantly being lowballed to the point that it's becoming ridiculous. Is this due to the current state of the job market or is it an age thing? I'm getting more and more discouraged each day and my worry about being laid off has skyrocketed due... — read more
Too bad CEOs don’t have to participate in live debates where they must respond to unanswered questions.
If I were posing debate questions to Scharf, my question would be: “Your time as CEO of Wells Fargo has been a time of aggressive downsizing and, let’s just call it what it is: Profits over People. You have eliminated 40,000 employees, offshored... — read more
P5 Senior Lead HCOL Compensation
Hi - i'm interviewing for a P5 Specialist role and was told to expect ~190-200k base and about 30% of that as bonus. is that a good rate for P5 specialist in a very high HCOL? How much would a P6 principal make?
Been in P3 for 4.5 years-salary growth and next move
I have been in P3 position for almost 5 years, started at around 108k and gross around 120k now . i want to move up a level along with a salary increase, is there a set % increase as internal move? . Not gonna move if salary increase is minimal with... — read more
Survey Reminder —> DON’T TAKE IT reminder
I recently received my first reminder from HR and then another from management on the same day. I’ll count that as one. Turnabout is fair play. Every reminder should yield a contra-reminder that not taking it is the strongest response you can... — read more