These companies are on the precipices of a complete covid spike and WF is starting analytics this month of in office compliance… to the person at that top my entire family has either had covid or currently has covid during christmas break. but don’t... — read more
What days are you doing for RTO?
Want to know so I can optimize my collaboration opportunities. Also, I think as many people as possible need to come in on the same days to hammer home how ill equipped we are for full staffing to occur.
I walked by my local branch last week and it was filled up
For all the hate you read on this board from nut jobs, it seems like there's a awful lot of happy customers who continue to do business with the bank. Must have been 30 customers in this one small branch meeting with employees and tellers. People... — read more
Did CFPB Hit Wells Fargo Harder in Its Reputation Than Its Wallet?
https://thefinancialbrand.com/news/bank-culture/how-hard-did-cfpb-hit-wells-in-its-reputation-versus-its-wallet-157614/
Headline:: Wells Fargo got slammed with a $3.7-billion penalty. So why doesn't it sound sorry?
Correction: Wells Fargo IS sorry……that they got caught heh heh.
Empower Retirement 401k Limit Incorrect?
Am I missing something on why empower is showing 401k limit of 20,500 for 2023? TIA
Tech RTO
Will tech be tracked as part of the January mandatory RTO?
WF could be shutdown?
https://original.newsbreak.com/@jalyn-smoot-1588339/2872832502492-wells-fargo-could-be-shut-down-by-federal-regulators-after-costly-3-7-billion-scandal Avatar of Jalyn Smoot Jalyn Smoot Wells Fargo could be shut down by federal regulators... — read more
Annual matching
Yep , I just checked , the annual 401k matching I grafted so hard for went straight into the WFC ESOP account again . Never mind that a have a funds allocation set up for contributions . So annoying. Waiting for an uptick and then will get rid of it... — read more
Wells Fargo Risks Shutdown Over $3.7 Billion Fraud Scandal
Facing its fifth lawsuit in six years, federal regulators are eyeing Wells Fargo for a massive national shutdown. After investigators discovered ‘widespread mismanagement,' the Consumer Financial Protection Bureau, levied the largest fine against the... — read more
CFO's Expect Hard Landing
https://www.cnbc.com/2022/12/28/dow-headed-below-30000-slim-chance-of-soft-landing-for-economy-cfos.html
Don't forget, Monday is a holiday
Don't go to work until Tuesday. (Monday is New Year's Day observed.) But at least you only need to RTO 2 days because of the holiday. So that's good, right?
Who is planning to leave?
Now that the 401k match has hit accounts and bonuses are a month away, how many are really planning to leave? Is it enough to make HR and the C suite re-evaluate their current policies?
I work more from home
Before WFH, I used to do my 40 hours and that was it. Once I was done with work, I was done for the day. Once WFH started, I always start half an hour early and finish half an hour or an hour late. Plus, I am never fully done with work. I keep... — read more
What to expect from 2023?
Goldman Sachs: lnkd.in/eKzF_2K4 J.P. Morgan: lnkd.in/eHb6-622 Morgan Stanley: lnkd.in/e2nAMjmM Fidelity International: lnkd.in/eJwK6tVx KKR: lnkd.in/eRivWDns Bank of America: lnkd.in/e8XFD8TW
There's no reason to work hard at WF
Your job security, raises, bonuses, and promotions will be based on demographic factors and nepotism (and now RTO) WAY before actual job performance. To be fair though, it's not just WF. Most orgs are like this (banking or not). Also, there... — read more
Mandatory RTO will solve one issue
Judging by posts here but also from what I've heard from people I work with, once mandatory RTO becomes a thing there will be a mass exodus of employees from Wells Fargo. If that happens, the rest of us can relax because there will be no need for... — read more
Acronym questions
I have a phone screen for a WF position next week. Can anyone give me a short synopsis of what these systems are? (or let me know what the acronyms mean?) They are listed in the job description and I want to sound at least slightly educated on them... — read more
Can anyone see the 401k match yet in Empower?
I don’t see anything in transaction history yet, wondering if others can see anything pending for today.
U.S. is headed for a 'stormy' powerful recession “a variant of another Great Depression”
Get ready for a 'stormy' powerful recession “a variant of another Great Depression”.
No manager is a double edged sword
I have a manager in WFHM that I love. I get my work done. We go over branch inspection 10 minutes every month- our only meet up. I never have a one/one, never have team meetings, never receive evaluation, no reports etc. I don't know who is on my... — read more
RCSA Extended Hours
I have been voluntold for RCSA and I was wondering what extended hours are they still expecting RTO under the same 3 day minimum? I would have a real issue working 8-5 then 8-10 at night and still be required to commute in office for the same exact... — read more
Some sage advice
Big companies like Wells and Southwest are in it for shareholders, not stakeholders. Profits get to shareholders and they are short sighted. Southwest hasn't invested in technology, processes and people like they should have. Neither did Wells for... — read more
What's the point of hard work?
I'm so tired and I have nothing to show for it. I work 12 hours every day and that's from home. I haven't gone to the office yet but if they truly make it mandatory, I can add two extra hours to my workday. What kind of life is that? I haven't... — read more
Regarding the post below: Southwest is the Wells Fargo of airlines…
This title made me laugh. I use Wells Fargo to describe all systemic failures big and small. Traffic backed up for years due to expensive highway construction projects which never show signs of progress: “Wells Fargo must be in charge of this... — read more
Empty office
Sitting in a virtually empty office today idly musing if we will see people come streaming in in the new year to comply with stricter RTO requirements . If I were a betting person I would probably bet against it ….:)
Wells Fargo closing San Francisco branch as in-store locations fall out of favor
https://www.bizjournals.com/sanfrancisco/news/2022/12/27/wells-fargo-branch-closing-safeway-wfc-aci.html
How much money is enough to feel safe enough to quit?
How much money would you need to have in your savings and checking accounts to feel comfortable telling WFC management to f-off and walk out, never to look back? No 401(k)s or other funds that you can't touch just yet. I'm talking strictly about your... — read more
Empower is garbage
Awful fee scale. Intentionally not user-friendly. Makes users dig to learn typical homepage dashboard info. WF really dug deep to get the Pinto of management platforms.
Southwest the Wells Fargo of airlines
The CEO finally comes out and confesses “outdated IT” after hiding behind an industry problem. Once no one else in the industry has the problem the truth finally comes out - as an apology for running on razor thin margins to increase profits. Totally... — read more
Good luck to all control owners in 2023
IT&V is a cluster mess. If you needed someone to defend you in court…would you hire an auditor? Wells decided they needed someone to lead their second line testing and hired…a lawyer? Patrick knows little to nothing about risk control or testing and... — read more
401k match
When does the company match arrive in your account? Is this match eligible for both employee contributions to the 401k and Roth 401k?
OCC and CFPB should restrict all executive bonuses and raises until consent orders orders resolved
This will accelerate the remediation of reg issues and never ending fines.....no executive raises or cash bonuses until all consent orders are remediated and closed. The end. Time to get serious. How bout a like on this post folks.
Wells Fargo agrees to $3.7 billion settlement with CFPB over consumer abuses
Just read beyond the headlines and realized that some of the customer abuses for which Wells is paying Billions of $ in fines took place in to 2022, three years under Charlie’s so-called leadership. Can’t help but wonder what kind of salary... — read more
When are the salary and bonus numbers finalized?
I know we are supposed to have our year-end reviews in mid to late January and find out what our raises and bonus amounts are then, with the new #'s actually kicking in in February. Does anyone know when those numbers are actually finalized though so... — read more
When will major cuts continue?
January or sometime later?
Low Ethics Hypocrisy
Why do you work at a bank that pays by billions for consumer and employee abuse? Then turns around and tells employees to cut back. Or lays them off. Don't you want better for yourself?!
Opinion At Wells Fargo, who directed the nefarious acts?
The Dec. 21 news article “Wells Fargo to pay billions as a penalty” reported that Wells Fargo has been ordered to pay $3.7 billion in fines for harming at least 16 million consumer accounts. The harm included charging illegal overdraft fees, seizing... — read more
Workday - Personal Holiday error
Realized I still had 8 hours of "Personal Holiday" remaining so tried to book it today. Getting an error when trying to update the "Quantity per Day" field - "Unpaid absence is not allowed for Personal Holiday. The Personal Holiday request for... — read more
Any updates on the fake hiring scandal?
Remember the fake hiring scandal at Wells. People being called to interviews when the winners were already pre-selected. Despite the fake sloganeering about DEI, etc ., no real minority candidates were really hired. The only minority ones incoming... — read more