Wells Fargo & Co. has fired or suspended more than a dozen employees in its investment bank and is investigating dozens of others over alleged violations of the company’s expense policy regarding after-hours meals, according to people familiar with... — read more
Crybaby!!!
http://money.cnn.com/2018/08/27/media/bloomberg-news-wells-fargo-ceo/index.html You can lay off thousands, steal from millions, but can’t take it when someone says something about you! Crybaby! Every time I read an email with his name or his picture... — read more
128 Laid off in Orlando (leaving in October)
State of Florida - WARN Notice Company Name Wells Fargo Number of Laid off Employees 128 Address 1 0 Address 2 11050 Lake Underhill Road City Orlando, FL WARN Notice Date Fri 08/24/2018 Layoff From Tue 10/23/2018 Layoff To Mon 12/31/2018 Industry... — read more
More layoffs this week?
Are we looking at even more layoffs company-wide this week? I heard something about tomorrow, but I'm hoping it turns out to be nothing.
Is there future for Wells Fargo?
When Wells Fargo, or any other bank, lets their very experienced, well trained employees go they then will likely end up working for the competition. They may then work for another bank, trained by Wells Fargo,with their great skills and knowledge... — read more
Retail Fulfillment Unit - Pittsford NY - 28 Laid off as of August 30, 2018
Date of Notice: 5/31/2018 Event Number: 2017-0391 Rapid Response Specialist: Regenna Darrah Reason Stated for Filing: Plant Unit Closing Company: Wells Fargo (Retail Fulfillment Unit) 179 Sully Trail Pittsford, NY 14534 County: Monroe |WDB Name:... — read more
Anybody actually buying this?
Wells Fargo says 137 layoffs not tied to offshoring The bank Monday said allegations by the Communications Workers of America union that recent jobs in its mortgage division are being moved out of the country are “completely inaccurate.”... — read more
This is not in Wells Fargo's best interest
When Wells Fargo, or any other bank, lets their very experienced, well trained employees go they then will likely end up working for the competition. They may then work for another bank, trained by Wells Fargo,with their great skills and knowledge... — read more
The number keeps growing
It looks like Wells Fargo had major layoffs this week, but it's just hitting the news cycle now. Over 600 people were laid off throughout the company. We heard about separate instances, but now we finally have an official number, and its higher than... — read more
Rancho Cordova is Closing
Already reported but the response is buried in a thread. Yet another site bites the dust.
Orlando fulfillment
Orlando fulfillment site is set to be closed. All loans are to be moved to NC... All will be done in 60 days, the winding down activities have started already. It's so pathetic that most of the folks who were responsible for the mistakes are still... — read more
Wealth and Investment Management (WIM): Layoffs and Reorg 2018
We will combining Advisors and private bank side. This will result in eliminating overlapping manager positions - in short, jobs will be lost. This is just the start - expect more pain in 2019. If you have options, look at them. Do not get... — read more
Layoffs
Sounds like Wells just had some layoffs that affected many people in mortgage.
8/23
Hearing of some new notices given in FDK, but no detail.
What is going on?
Just received a call about a downsizing and they are changing the accounts over to another broker? What is going on and why call the last number to contact ever given? Why not call my cell phone?
Wim st.louis mo
Does anyone know what is happening we have been told alot of changes in St.louis Mo ops in September? Alot if empty desks and contractors.
Wholesale Layoffs coming
I was just told be multiple managers that Wholesale is preparing a significant layoff that will be announced by mid-October. Perry wants the layoffs done before the end of the year wholesale can start next year with its lower cost structure. Don’t... — read more
Contractor Vacation Question
Does Wells Fargo have a policy of a required 10 day non-paid vacation for contractors or does it depend on type of contract? I’m considering a Project Manager contract in the consent order area. Would appreciate any info you could provide. Thanks for... — read more
WF employees win office pool lotto of $543 million, watch the company is gonna steal it
https://www.bloomberg.com/amp/news/articles/2018-08-04/wells-fargo-office-pool-said-to-win-543-million-lottery-jackpot
WF sorry computer glitch foreclosed on hundreds of customer, more likely 10s of thousands
https://pilotonline.com/business/jobs/article_44dc210d-643a-5534-8d20-9ea8298a8804.html
When can we expect more layoffs?
I was wondering, aside from call centers that are closing left and right, do we know when we will have any more layoffs in the rest of the bank? Somehow I doubt we are out of the woods in regards to layoffs just yet, but there has been very little... — read more
The next big scandal
https://www.financial-planning.com/news/keep-quiet?utm_campaign=daybreak-aug%202%202018&utm_medium=email&utm_source=newsletter&ET=bankic:e14043510:a:&st=email&eid=a11f21ee24404ca26a956e598f799241
WELLS FARGO TO PAY 2 BILLION FINE FOR MORTGAGE FRAUD
https://money.cnn.com/2018/08/01/investing/wells-fargo-settlement-mortgage-loans/index.html
I see this as a good sign
COO of the wholesale business is leaving. My favorite quote is this: Mr. Yorke’s departure comes as Wells Fargo is planning to further integrate its corporate and investment banks in an effort to reduce costs and better serve its clients, The Wall... — read more
#DenOfThieves
https://www.amazon.com/Den-Thieves-Psychopathology-Memoirs-Millenials/dp/1983283924/ref=sr_1_1?ie=UTF8&qid=1530889625&sr=8-1&keywords=den+of+thieves+the+psychopathology
Wells Fargo screwing its HNW customers
https://finance.yahoo.com/news/wells-fargo-automated-high-net-worth-wealth-management-advisors-faced-sales-pressure-151535558.html
Wells Fargo reportedly refunding 'hundreds of thousands' of customers for add-on products like legal services and pet insurance
https://www.cnbc.com/2018/07/19/wells-fargo-reportedly-refunding-hundreds-of-thousands-customers-for.html Wells Fargo first disclosed issues with add-on products, like identity theft and debt protection services, in its second-quarter regulatory... — read more
Be proactive
A warning to anyone involved in the FX scandals. If you were involved in any transactions that overcharged customers, you will be found out. You could go to federal prison. Don’t rely on the ethics line to save you. Hire your own attorney and save... — read more
More layoffs
More layoffs coming to Frederick this week. They laid off the employees in the mail room, maybe this month they will layoff security and the cleaning crew?! Where is the info about even more Frederick layoffs coming from? I thought all of the people... — read more
Wells Fargo finds even more customers that it overcharged
https://money.cnn.com/2018/07/13/news/companies/wells-fargo-scandal-refunds/index.html Wells Fargo keeps finding new parts of its vast banking empire that overcharged innocent customers. On Friday, Wells Fargo (WFC) disclosed it's setting aside... — read more
Federal watchdog says DoL likely blocked protections for Wells Fargo fraudulent accounts whistleblowers
https://www.financial-planning.com/news/labor-department-wells-fargo-fake-account-whistleblowers There's a "substantial likelihood" the Department of Labor colluded with large corporate defendants in failing to protect whistleblowers, including some... — read more
The number of positions being off-shored is astonishing
I’ve sat through so many presentations about off shoring positions to Manila and India. Executive leaders have been coached to tell people WF must do this because there are no qualified people in the US. But all the presentations I’ve seen show this... — read more
MD Senator questioning WF layoffs
https://www.fredericknewspost.com/news/economy_and_business/van-hollen-questions-wells-fargo-on-frederick-layoffs/article_64e0e0b8-8b9c-59e9-9dd5-ac1676c9bd23.html
WF Advisors Class Action Lawsuit Settlement for Wrongful Termination
A friend and former coworker who worked at Wells Fargo Advisors was recently awarded a settlement a few months ago as part of a class action lawsuit by former brokers who were fired for not participating in criminal fraud that was rampant within the... — read more
More news on Frederick, MD layoffs
https://www.fredericknewspost.com/news/economy_and_business/wells-fargo-to-eliminate-jobs-from-frederick-office/article_1c930d44-c60e-5437-9756-daa256b6c588.html
Lawsuit targets 'hidden fees' in Wells Fargo finance programs
credit: https://www.reuters.com/article/us-wellsfargo-retailers-lawsuit/lawsuit-targets-hidden-fees-in-wells-fargo-finance-programs-idUSKBN1JP28Q NEW YORK (Reuters) - Wells Fargo Editing by Dan Grebler and Steve Orlofsky
Wells Fargo fined by SEC over investment sales misconduct
credit: https://www.reuters.com/article/us-wells-fargo-sec/wells-fargo-fined-by-sec-over-investment-sales-misconduct-idUSKBN1JL2OK (Reuters) - Wells Fargo Editing by Bill Trott and Richard Chang
John Stumpf's Words Haunt Him Into The Afterlife
John Stumpf's words are immortalized forever on the Internet, he bragged how he "dreams of checking accounts in his sleep" so to push workers to cross-sell extra financial products to unsusptecting customers because it made the bank a lot of money... — read more