Discuss while I take a sip of my coffee...

So many fools who don't pay attention to $250K FDIC coverage rule. It's not that difficult -- open separate accts. Now there's a run on $$$ after SVB meltdown, ignoring the actual factors that led to it. Stock market Is driven by emotion more than... — read more 

So we can confirm that we hired enough Indians to replace your a.

Processing layoffs have been happening the 1st week of the end of the quarter. Happened in 2022 and looks like the trend will continue in 2023. In June 2022 (end of Q2) layoffs in processing, underwriting, closing happened the 1st week of the end of... — read more 

Never want to hear WF or any other bank complain about too much regulation ever again. Clearly, there isn't enough regulation! Thanks, PAB (aka TFG), for getting rid of regulation that would have prevented SVB collapse. Nice job. And spare me the... — read more 

Total employees laid off: 9.3k Over -120 Under -110

https://www.independent.co.uk/news/world/americas/us-politics/trump-silicon-valley-bank-blame-regulations-b2298859.html

Ever since he took over tech there has been one issue or another. He should be fired for the incompetence.

With respect to the latest fiasco, affecting customer deposits - I'm betting the A-team was laid off; the B-team is what is running the app show. And, since with agile the only concern is working from point-a to point-b and nothing else matters, we... — read more 

Hey what if people got together and took turns taking a group of badges and swiping them on their day in the office , then give the badges to the next person, and so on and so on. Then in reality you only have to go in the office 1 day a week maybe 1... — read more 

Does anyone else find it funny that TK never was up for any of these awards from her previous jobs. She comes to WF and becomes SVB’s cheerleader and WF puts her up for all these award shows when in reality she has done nothing. Good thing she got... — read more 

Please let’s not insult the intelligence of our customers and shareholders. We just happen to have an isolated technical glitch on a day when there are runs on smaller banks??? Concerns are just now becoming common knowledge regarding the hidden... — read more 

Runs on banks are nothing unusual, study the Great Depression, Great Recession, etc. When depositors and investors lose confidence, runs happen. They want their deposits out and if you don't have liquidity as a bank to pay them out, you're F'ed! As... — read more 

Is WF safe?

I hear from plenty of people on this board who support RTO, but I have yet to speak to anyone in person who prefers being in the office. Context: I work in a large city with access to multiple hubs, and I split my time between a couple of locations... — read more 

Which of these should be sold off and shuttered? These are the only two options. Defend your response.

Wonder if TK the poster child for SVB cheerleading will own this or blame others . Maybe less dancing and more working would be good for #bankontech . Wonder if oneCT will mean TK will offer up her job or someone else’s job.

Most these smaller players are going to get washed out from lack risk controls over the years, regulators barely watch the smaller players. Basic concepts like match maturity just went right over the heads of bigger players like SVB, think of the... — read more 

I saw that headline in the news, and asked myself: Which one, the bank or the person?

The missing/backed out direct deposits from customers accounts this week STILL hasn't been restored. Some customers say funds are now "pending" but still not available. They can't pay bills! WTF is going on? Is WF using customer $$$ to temporarily... — read more 

When I give a 2 week notice will they shut me down immediately or give me the whole 2 weeks to work it?

The most important risk areas, Credit Risk, Market Risk, are best in class at Wells Fargo. You know where all the failed bank customers go with their deposits right to Wells Fargo. Wells Fargo is going to clean up once again like every major market... — read more 

Anyone else get a "temporary assignment" to an RCSA team for 18 months? It's being sold as a great career opportunity, but I see it as advance notice of a layoff. Am I wrong?

Crypto prices fell Thursday after Silvergate, a bank that has been at the center of the industry’s growth, made a decision to shut down.

Some Wells Fargo customers posted online that their direct deposits and scheduled paychecks were missing from their online banking accounts Friday.

Who is next as banks start having issues.

https://finance.yahoo.com/m/279437bb-37ba-3e31-8b26-de86453e7985/sol-gindi-getting-wells.html Typical reactive Wells Fargo: Do everything you can to destroy the business, drive FA’s away to the competition, decimate our reputation, cut out... — read more 

Congrats and kudos to an amazing career!

So I was laid off from mortgage in November. I’ve been with wells for 22 years and I’m 52 years old. I now have an offer for another position with wells with the same base pay. I also have an offer with a much smaller company with a 10% increase in... — read more 

On the cnbc website there is a good article titled "A psychology expert shares the 7 toxic signs of ‘highly insecure’ people—and how to deal with them" (search falk 7 signs). Here are their most common toxic behaviors, according to Harvard career... — read more 

Any insights of what teams, how large the layoffs are expected and what areas will be impacted? Mortgage, tech, non mortgage, non HUB sites?

Did you know Wells Fargo is a corporate sponsor?

Have been on the same laptop since 2017, virtually unusable, throttled, fan runs full speed if you even think about opening Outlook. Finally get an email to do a refresh and to prepare for an upgrade. Confirm my address and then receive an email with... — read more 

nevermind

Offer voluntary buyouts!!! From the article: U.S. employees who are approved for the buyout will be granted one-month pay for every year they worked up to 12 months, as well as COBRA health coverage. They also will receive prorated team performance... — read more 

Wells Fargo did it again. This time they laid off most senior employees in portfolio underwriting and kept most non performing and lesser experienced underwriting team. This has to be the biggest mistake and this new management team has no direction... — read more