Give me a break. The majority of these woman have worked at a financial institution from 4 years to 14 years. Yes I said 4 years of banking experience. What a joke. Time for the Board to be replaced.
How dare employees have the audacity to be upset with leadership
This is the same leadership who wants employees to shut up and get in line, or be let go. No dissention or disappointment allowed. How dare employees have the audacity to be upset with leadership for taking this well-respected company that employees... — read more
They know Wells is going out of business and they are too arrogant to admit they are the cause
Wells is selling off the entire co. in pieces and parts. Right now, trying to stave off core business selloff. But Wells already has plan Bs and, like an escape hatch, will use them -- as execs land safely on ground with their golden parachutes while... — read more
Make sure they’re not just using you to do the dirty work
Of course they’re going to say things are improving. What can they say - things are getting worse? One thing you might want to ask them is if you will be expected to come in and start cutting people. I’ve seen it happen where they brought people in... — read more
Does anyone have anything good to say about WF?
I worked there during the criminal years and saw it all. Wouldn’t cheat, was threatened, blew the whistle, was retaliated against, resigned. The usual. But as I speak to people that I know that have continued to work they’re the sentiment ranges from... — read more
Why stay or return to WF
I was packaged out about 4 months ago in one of the many layoffs. Now I’m being courted by WF to return as a local leader. What would it take to return to WF? I know management keeps saying things are improving, but I’m not sure sure they know what’s... — read more
Wells Fargo selling payroll unit
I heard that business payroll is being sold now. Any one have details on this? We’ve not heard what happens to the people in the group
peaceful, content, and grateful
Over the weekend I took a stroll down by Fishermans Wharf in San Francisco and ate some delicious foods. I felt peaceful, content, and grateful that WF execs and the bank are in deep trouble and chaos.
When is Marketing getting hit?!
First it was right after the holidays, then February, then March, and now we’re in April. And my group is hiring like crazy. WTF? When will this nightmare be over?
Sell off again !
https://www.cnn.com/2019/04/09/investing/wells-fargo-selling-retirement-principal/index.html We get the in house email same time it hits Google.
WF Purchase Card Embezzlement
When I worked at WF there was large scale Pcard embezzlement and collusion among employees to use the company credit card for personal expenses, i.e. food, vacations, and other personal expenses. Has the bank begun the auditing and restricting use of... — read more
Time to Dump Duke!
Duke is a snake. The fact that she is head of WF's board is beyond disappointing. What a mistake. Trust no one. There is absolutely no transparency. We're just mushrooms. They keep us in the dark and feed us sh*t. Duke has to go!
Employers are going after older workers with new programs
Wells Fargo needs it's older, more experienced employees. https://www.aarp.org/work/working-at-50-plus/info-2018/older-workers-programs.html Good News for Job Seekers Over 50 Employers are going after older workers with new programs by Shelley... — read more
Layoffs today?
Any meeting invitations go out late last night for anyone?
Wells Fargo purging older workers
Wells Fargo is purging older workers in the latest round of layoffs. This is disguised as part of the E&E initiative but WF is pushing older workers to cut down in salaries and benefit costs. This folks is modern day age discrimination. But what do... — read more
Bank Teller Sues Wells Fargo Over Alleged Bullying, S-xual Harassment
https://www.law.com/dailybusinessreview/2019/02/06/bank-teller-sues-wells-fargo-over-alleged-bullying-s-xual-harassment/?slreturn=20190302003507 Lawsuit here: https://drive.google.com/file/d/1YfFDehuEGZQy3GUN2TAhgI1OZImgsZLt/view Broward bank teller... — read more
CTO and CISO Leaves And WF Looking for Female CEO to take the fall
https://dealbreaker.com/.amp/2019/04/wells-fargo-ceo-search According to Wells Fargo insiders, the sudden departure of outgoing CEO Tim Sloan has not resulted in a period of quiet reflection. In fact, it seems like things might even be a little more... — read more
Stop the madness! Expecting TMs to be more ethical than execs?
Is anyone else sick of all the craziness at Wells Fargone? I know change is constant, but this is ridiculous. Good G-d, haven't we had enough? p.s. To execs, STOP saying we're all risk managers. Clearly, YOU didn't manage risk well (committed fraud)... — read more
Do you feel WFC has inflated salaries in the middle/back office?
This question is not exclusive for one LOB, but for all LOBs (wholesale/consumer etc) I’ll include CRO/CFO LOBs in this question too. Do you feel for operations our salaries are inflated? Someone made a comment on this board to that effect.
Something big coming
Beginning in April we will no longer do auto loans. I feel like all this abruptness is leading to something far bigger and far worse. Hang in there guys
Wells Fargo - Payroll - Bloomington - Layoffs
http://www.startribune.com/wells-fargo-to-layoff-200-from-bloomington-operation-it-is-closing/507729982/
Wells Fargo's corporate bank struggles to regain footing
Moise NEW YORK (Reuters) - Wells Fargo it represents about a third of revenue but roughly half of $22 billion in annual profit. The bank first told investors in September that while it retained most customers throughout its scandals, it was having a... — read more
Frederick
Will Frederick be included in tomorrow’s lay-off announcement?
You have two choices
Sit back and hope someone tells you what’s going on with layoffs (and hoping it’s not you) or you can take charge of your career and not let WF management control your life like this. Initially, I was concerned about layoffs and wonder when/if we’d... — read more
News on layoffs in Des Moines? Claims/CAM/ or just in the Home Lending sector?
I've heard so many different rumors, was just wondering if anyone has heard anything. I know initially the layoffs were supposed to be announce on 2/21 and then we heard it would be delayed until March 7th and then later March 21st...and now we are... — read more
Be prepared to answer tricky questions in job interviews after Wells Fargo
I had several senior leaders at different banks ask me about ethical behavior while I was at WF. Be prepared with good responses to questions about fraud, your involvement if you were in one of the areas that had fraud, how you act ethically, and why... — read more
Neighbor with "Bad" Wells Fargo Experience Has Other Neighbors Recommending Other Banks
A neighbor on my neighborhood website had what she tells as a "bad" experience with Wells Fargo. The story went that she was wrongly charged by some company for an item that she could not afford, and it was a "mistake". Since she did not have the... — read more
New CEO?
Wells Fargo in talks to hire Harvey Schwartz as new CEO: Report Wells Fargo board members are reportedly in talks to hire Harvey Schwartz, the former president and chief operating officer of Goldman Sachs, as the scandal-ridden bank's next chief... — read more
Double Whammy
Wells Fargo is supposedly looking for a replacement for Tim Sloan and Federal Reserve still won't lift growth cap on Wells Fargo even after settlement of account scandal fraud. Tim Sloan Replacement... — read more
Scared of putting Wells Fargo on my resume
After everything that's happened, the way this bank is now seen as one of the biggest villains in the country, I'm honestly nervous about submitting my resumes to other banks with Wells Fargo on there as my longest employment. I'm honestly not sure... — read more
Anyone know whats going to happen at Wells Fargo site in Frederick MD?
Looking for updates, wondering if anyone's heard anything?
Wells Fargo meeting last Wednesday Denver?
Has anyone heard about a meeting regarding restructuring that occurred in downtown Denver last Wednesday (during the storm)?
WF selling its retirement unit
Principal Financial close to Wells Fargo retirement unit acquisition-sources Principal Financial Group Inc is in advanced talks to acquire Wells Fargo Editing by Peter Cooney)
Help me figure this out!
What, exactly, is Tim Sloan doing apart from cutting jobs to get the company back on track?
Maxine Waters Demands Tim Sloan Be Fired for Getting a Raise and Bonus
Maxine already stated after the congressional hearing he be fired but on Thursday after it was announced he got a 5% raise and $2 million bonus that he definitely be fired!... — read more
How low can this bank go?
Just when I think Wells Fargo hit rock bottom, something like this latest Sloan raise happens and I see that there is lower we can go after all. I don't think there is an excuse anymore that can be used to justify any of this - there hasn't been one... — read more
WF CEO Get's a 5% Raise While Layoffs and Stock Price Tumbles
credit: https://www.cnbc.com/2019/03/13/wells-fargo-ceo-tim-sloan-gets-5percent-pay-raise-to-18point4-million-for-2018.html Wells Fargo CEO Tim Sloan got a 5 percent pay raise for leading the troubled bank last year. The executive received $18.4... — read more
I’ve been a defender of the board until today
Tim Sloan has to go. This asset cap is not going to be removed until that happens. The Fed’s statement on executive pay is alarming for all of us who are employees.
Tim Sloan Pay Raise
Wells Fargo CEO's pay raise draws rare Fed response Wells Fargo editing by Diane Craft)