Post all RTO related news in this thread so we have a consolidated view.

You folks at WF need to get up early tomorrow and hit the ground running, and get that work done so you can get the asset cap lifted. I expect to see no new posts on this site all week and not complaining about RTO. I'm tired of meager earnings and... — read more 

https://www.supremecourt.gov/DocketPDF/20/20-866/164690/20201223160259853_Allen%20Petition.pdf This is such a terrible bank. It is now well known that, beginning about 18 years ago, Wells Fargo adopted high-pressure sales practices that led its... — read more 

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Memory lane. Little has changed. https://youtu.be/mW3QulJt0l8?t=117 "Only in financial services industry, can people make such massive errors and there doesn't appear to be accountability. And ONLY because of your size, do we not understand... — read more 

10/12/21

SEATTLE (AP) — The Washington Supreme Court on Thursday unanimously upheld a new tax on big banks aimed at providing essential services and improving the state’s regressive tax system. The 1.2% business and occupation surtax — a tax added on top of... — read more 

About 100,000 positions could vanish over the next five years as large U.S. banks invest more in digital banking and other technologies, Wells Fargo analysts predicted in a research note this week. ... — read more 

Poor, poor CEOs and especially Charlie. How can life be so cruel to them? We should all be praying for them to help them through these tough times... /s CEOs are at their wits’ end — they don’t know how to get their employees back... — read more 

Charlie's compensation should be cut in half and provided to an additional CEO. Sounds like WF has to many issues for one leader alone to resolve/control.

WFC is going backwards. https://www.reuters.com/business/exclusive-pwc-tells-us-employees-they-need-never-return-office-2021-09-30/

Oh ge-z! Another new credit card! Can’t get out from under the asset cap, but we have plenty of time, energy, organization, money to keep putting out new credit cards. Just what our customers need! Next, $50,000,000 Charlie is going to revolutionize... — read more 

Been remote in Illinois; today my paycheck reflects a 1% payroll tax deduction for the City of St. Louis - which is where my "unassigned" seat will be Jan 10. Legal, idk.. but sounds really unethical

Every time I go to Develop You and see that there is a mass of training assignments dumped into my training inbox I can't help but think I am paying for past sins of (pick a name?)

And another one - no surprise. https://www.reuters.com/business/finance/wells-fargo-must-face-shareholder-lawsuit-over-compliance-with-consent-orders-2021-09-30/

Let's see, the FRB and OCC are unhappy (public news) with the progress on customer remediation efforts, the asset cap put in place by the FRB in January 2017 is still in force, and the regulators have had to drive a stake in the ground to see if the... — read more 

India workers pay ZERO tax to any USA government entity. Things like social security - which is already expected to run out of money - now is more underfunded. Medicare, Medicaid, State taxes, Unemployment taxes, etc etc are not paid by any Indian... — read more 

I get it, Charlie this and Charlie that. But he is just one person. What do you expect him to do after taking over following inertia such as Stumpf and Sloan? Part of his position is to trim costs. That means layoffs. Be a bit more real about this... — read more 

Anyone heard about the new "recalibration of salaries" effort that is supposedly starting at Wells tomorrow? I was talking with an internal person today. He had an interview with an HR person and she let it slip about the 'recalibration' effort... — read more 

Will they remove him? Yes or No? When? Who will they appoint in his place?

https://www.fool.com/investing/2021/09/30/3-reasons-wells-fargo-wont-be-broken-up/

As he has been for months now, RIP's date came and passed with no significant damage. Can we stop putting any faith into this id--t now? He simply names the last Thurs of every month and is wrong almost every time, except when some minor layoffs... — read more 

so....today was a bust

Most banks are already back in hybrid mode or full time and yet, we don't get to go back until January. I have interview with several competitors and they are all in hybrid mode. I don't plan on leaving unless they throw me out.

from the BBC: https://www.bbc.com/news/world-asia-india-58654740 With more than 150,000 branches loaded with $2tn (£1.46tn) worth of deposits and serving over a billion customers, India's banks look impressive on paper. In reality, they are in a... — read more 

This whole thing is a good read - including in the event you have not ever seen it. https://financialservices.house.gov/uploadedfiles/wells_fargo_staff_report_final_mm.pdf The the last thing they montion (page 73) but hey, at least we got an... — read more 

I was wondering if anyone had any insight?

I’m not claiming to be the first to call it - but I think the sentiment is building against him, similar to what was happening at the time with Stumpf and Sloan. It’s happening. I’ve been in the industry for a long time and have learned that the... — read more 

Poll! Corp Risk T&V Audit Business Control Regulatory Relations

What to watch: One pandemic trend that isn’t dying down: companies relying on in-house chief medical officers to help create internal public health policy. Wells Fargo is currently in the process of recruiting one — its first ever, says Mark... — read more 

any significance one over the other?

Has anyone heard about changes to annual bonus/ICP that will be effective for this upcoming performance review period? Rumors are that things are changing and not for the better? If this was talked about before, just let me know and I'll go... — read more 

Thank god the bank finally did the right thing and pushed RTO, regardless of their reasons behind it. However, when are they going to provide more clarity around remote/hybrid work options moving forward? Feels like management is dodging this... — read more 

Wells Fargo draws $72.6M federal fine related to foreign exchange services Wells Fargo & Co. has agreed to pay a total of $72.6 million in fines to settle a civil fraud lawsuit addressing the bank’s foreign-exchange... — read more 

Just received an email to update my personal email address in my teamwork’s profile— Ive had my wf email as my personal profile email for 16 years- I can only assume that this is an omen of my name being on a list to received my package soon- can... — read more 

The commute to my allocated space is almost 100 miles one way. I used to have a work from home agreement for a while before Covid, but that is gone now. I did the commute for a few months, and it is too much. I like working here, but I dread having... — read more 

I’m sure the Halloween Covid boo variant will be out there in full attack mode vax or unvaccinated most deadliest strain ever. Boo Look Public knew before most of us... — read more 

Would people be interested in signing on to an open letter to the board and Charlie to express their thoughts and offer suggestions in a more direct way regarding RTO and the location/hub strategy? Hear me out on this. A current Wells employee sets... — read more 

https://www.bloomberg.com/news/articles/2021-09-28/wells-fargo-pushes-back-return-to-office-date-to-january-2022 So we've gone from September, to October, then November and now January. I wonder what made them change their attrition oriented... — read more