https://www.americanbanker.com/news/data-breach-at-western-alliance-bank-affects-22-000-people This isnt good news for a bank to experience a data breach in Oct 2024 and people finding out about it March 2025... — read more
Are layoffs coming?
The amount of paperwork and process these days in IT is insane! Is leadership trying to create so much overhead that we have no choice but to be sold to the highest bidder?
IT Re-org
Internally IT re-org is forthcoming, leaders are su-king up to make spots for themselves while leaving the downline in the az, tx wind
Layoffs hit
Chunks of CRE gone, processors, other real estate. Zero rhyme or reason who they chose or laid off. A returned cancer survivor and parent with a newborn among layoffs
Bank contagion?
https://www.bloomberg.com/news/articles/2023-03-13/us-regional-banks-remain-under-pressure-as-first-republic-sinks?leadSource=uverify%20wall
More headcount added, expect growth in 2020
That's my prediction for WAB - but I have no insider info. It's just my gut.