#banking

Im assuming there are a lot of knowledgeable individuals here who may be able to clarify this.
Can someone explain whether banks are legally required to comply with search warrants issued by a local police department in cases involving fraudulent wire transfers?
I recently had a fraudulent wire transfer claim with Bank of America that was denied. At the same time, I filed a police report with my local police department. In an effort to investigate and identify the suspect, the detective has issued multiple search warrants to the bank.
However, the bank has not responded to these warrants.
My question is: are banks required to comply with search warrants issued by local law enforcement, and if so, what typically happens when they do not respond or delay compliance?
Any insight would be appreciated.

Go to linkedIn and look up this guy and his article. Then read the comments on his LinkedIn post! LOL

Joseph Butler

Former Inc. 500 CEO| 2x E&Y Entrepeneur of the Year Finalist | Strategic Advisor | Board Member | Veteran Hiring Advocate | GTM Expert | Proverbs 21:13

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Everyone is reading the Fiserv headline as a scare. The stock dipped seven percent before lunch.

I think they have it backwards.

A sitting payments and core technology CEO just got hired to run one of the ten largest banks in the country. And he plans to partner with his old company as a client.
When your former CEO becomes one of your most influential customers, that is not a crisis. That is the loudest endorsement money cannot buy.
I wrote up why the Mike Lyons to Truist move is actually good news for Fiserv, for the market, and for every community bank and credit union watching nervously this morning.

Full breakdown in The Butler Brief.

#Fintech #Payments #Fiserv #Truist #Banking #FinancialServices #CommunityBanks #CreditUnions #CoreBanking #BankTech #Leadership

Who wants to submit them to the Guinness book of WR? How can you destroy 2 top 10 banks? Unreal!

Takis is probably one of the best known fintech talent. Grew JPM from 7 people to 15K people & 20 billion revenue run-rate. Probably the best we could hope for. Not sure why Mike Lyons got the CEO role in the first place — he clearly has no clue about the payment industry. He’s a banker…

Is everyone dealing with Sapience watching over everything you’re doing? Leadership is a joke now. RTO mandate is also terrible since the whole thing was about collaboration but the moment I leave my desk it shows I’m not working on the sapeince reports. Everyone in the office looks like they are in prison, su-ks how much this place changed because of Gunjan

He was working at PNC for 13 years. Any feedback about him, good or bad? Comment of his work style? What might he be executing at Truist?

Also, why did he leave PNC after such a long time. Passed over for CEO role?

Thank you - a Truist employee

They hire another old banker from another bank. Really thinking outside of the box here….lol.

Does anyone know the amount or how the amount will be calculated for the settlement payout?

This is the future,

Commercial currently running on tv, the end of banking by Wealth Simple

https://youtu.be/AJPDrpKZZgQ?si=vbkSzvJ14T892K7Y

https://unitewithpriti.co.uk/news/what-the-standard-chartered-layoffs-2026-tell-us-about-where-banking-is-actually-heading/

When does it take effect?

If you go to Citibank layoff site, it seems they are even worse than WF.
their layoff is definitely more aggressive .

Anyone?

Job market is terrible now

This situation is deeply disheartening. I have not encountered a single employee here who is genuinely happy with their working conditions. What is even more concerning is the complete lack of external coverage or awareness regarding what the staff is going through.

​While no job is perfect, it is demoralizing to realize that we are all unhappy, yet nothing changes. Instead, we just face increased pressure that makes us feel entirely disposable. I truly hope this workplace can organize and unionize in the future so that employees have better protections and receive a fair severance package if they are let go.

The bank needs to rapidly increase Ai investment to stay relevant.

Excessive DNS traffic overwhelming infrastructure limits

I received two separate payments today. One appears to be my regular paycheck, and the other shows a gross amount of $500 with a net payment of $150.

Has anyone experienced something similar? Could this be a payroll error, a bonus, or some type of adjustment? I’m planning to contact payroll, but I was curious if anyone has seen this before.

Big changes in merrill banking. Word on the street is no more banking quotas monthly for 2026. The new scorecard is radically different suggesting concern over the pressure to open more and more and more accounts. Now the bankers are judged solely on risk and accuracy.
Looks like some freedom fighter took the charge to the Bull, and a RIGHT hook from the disgruntled base connected

Does anyone understand what’s changing? I don’t get it…….

Fifth Third Bancorp will close 75 Michigan locations. This action follows the company's acquisition of Comerica. Layoffs are expected, but the company prioritizes moving staff to other roles. The closures and brand transition are scheduled for Labor Day weekend. An earlier notice indicated 502 layoffs at a separate Comerica campus.

https://www.woodtv.com/news/michigan/fifth-third-leader-some-layoffs-likely-as-75-michigan-branches-close-but-situation-fluid/

Truist su-ks

Just read on a local news website that the 800 bldg downtown STL will be going up for auction next month (June). With all the RTO mandates it will be interesting to see if the bank will purchase the building not knowing whomever buys that building has different plans with that property that could potentially displace BOA altogether in that building. I hope not because I will WFH if that happens and not relocate to another location which I currently commute 2hrs already RT.

Does anyone know what BNY provide as way of a reference to a new employer, specifically in EMEA.

Nothing to hide just curious if they go any further than 'time served'.

its all going away.

Just read this…. That is all I’m going to say.

https://nypost.com/2026/05/21/business/jamie-dimon-says-jpmorgan-will-hire-more-ai-braniacs-fewer-bankers/

"...we don't have large scale layoffs planned." - Gunjan Kedia, 4/22/2026

Just "small scale" layoffs, huh?

Always subtext, always a spin, may they all rot.

Without the financial support of the rest of the organization, the bank would have ceased several years ago. This goes all the way back to General Joe, when the growth of the bank should have resulted in changes that were left ignored, resulting in the start of the consent orders. Then, through total mismanagement, the consent orders still remain after 6 years. Several large banks and insurance companies operate under a legacy IT structure even now, with all the downsides to that model. The bright idea of devolving back to that model here will undoubtedly ki-l the patient

Can the bank afford another bonus for Charlie? Can Charlie survive without it?

Arthur Hayes spoke at Consensus Miami. He is the BitMEX co-founder and Maelstrom CIO. Hayes predicted AI-driven layoffs could cause a banking crisis. He believes Bitcoin is already reflecting this potential crisis. Hayes also shared his BTC price target and Hyperliquid conviction.

https://finance.yahoo.com/video/arthur-hayes-says-ai-layoffs-171456843.html

PNC Bank retains key leadership as 777 FirstBank employees face summer layoffs

Of the 777 FirstBank employees at 12345 West Colfax Ave. who will be laid off beginning on June 30, the company’s market presidents will not be among them.

https://www.bizjournals.com/denver/news/2026/05/14/pnc-keeping-firstbank-presidents-amid-layoffs.html

Anyone know if memorial holiday Day week will be tracked?

https://share.google/8GK5V3V463T8v147p

Fifth Third Bancorp plans a mass layoff. It will affect 502 workers. These employees are at a former Comerica campus. The campus is located in Farmington Hills, Michigan. Fifth Third acquired Comerica Bank three months ago.

Farmington Hills, Michigan

https://www.freep.com/story/money/business/2026/05/08/fifth-third-layoffs-metro-detroit-former-comerica-site/89997647007/

Fifth Third Bancorp has notified the state of Michigan that it plans to lay off 502 workers at what was Comerica's Great Lakes Campus at 36455 Corporate Drive in Farmington Hills. The campus is relatively new and opened in 2024, and Fifth Third says it is committed to keeping it open.

https://www.freep.com/story/money/business/2026/05/08/fifth-third-layoffs-metro-detroit-former-comerica-site/89997647007/

Asking for a friend

https://www.cheapism.com/americas-worst-banks-according-to-customers/

#9

The Culture Architects
“RV builds the narrative. You become the headcount reduction that funds it.

Check it out:

https://imgur.com/a/batman-robin-eKZocZp

Layoffs happened in RCO. Any impacts anywhere else?