#banking

https://www.bankingdive.com/news/trump-calls-out-wells-fargo-banks-over-la-fire-response/818457/

President Donald Trump alleged Thursday that banks did not “step up to the plate” to help people affected by wildfires in Los Angeles last year, and singled out Wells Fargo as being “very difficult to deal with.”

Donald thinks WF is difficult to deal with?!?!?!? Try working for them!!!!!

Couldn't happen to a better company though, really. Maybe Donny does a Godzilla stomp on WF.

FIS Sale with help from KPMG
https://www.linkedin.com/jobs/view/4397200392/
KPMG is currently seeking a Director, Banking and Payments IT M&A – Due Diligence, Integration and Separation – Strategy to join our KPMG Strategy practice.
Responsibilities:
Lead and oversee comprehensive Buy-Side and Sell-Sideassessments across critical IT domains for potential client acquisitions, witha focus on banking / payments platforms and ecosystems; identify key IT risks,opportunities, and investments needed, and deliver executive-level duediligence reports with strategic recommendations
Direct IT integration andseparation initiatives from planning through execution for banking andpayments-related transactions, including retail and commercial banking,merchant acquiring, issuing, processing, and digital payments capabilities;oversee development of IT current state assessments, entanglementidentification, operating model definitions, synergies, and Day one andpost-close plans. Platforms include Fiserv, FIS, Thought Machine and understanding of the data landscape in banking (e.g., Customer360, familiarity with key data platforms such as Snowflake, Databricks etc.)
Develop and executego-to-market strategies for Technology Mergers and Acquisitions offerings focused on payments,fintech enablement, platform modernization, and ecosystem integration; providethought leadership on banking and payments technology architectures, includingcard networks, core banking platforms, fraud platforms, and modern cloud-nativebanking /payment stacks
Establish and manage program governance frameworks,ensuring rigorous oversight of execution across complex, multi-vendor paymentsenvironments; lead development of governance work products including statusreporting, risk management, and issue tracking; implement AI-powered tools forpredictive analytics on project timelines and risks and collaborate with seniorcross-functional teams to identify technology dependencies, risks, andopportunities across payments operations, product, risk, and compliancefunctions
Lead strategic discussions andpresentations with executive IT and business stakeholders, including CIOs,CTOs, and payments product leaders
Manage efforts to mentor and develop junior staff, fosteringdeep payments technology expertise, delivery excellence across the team, anda culture of innovation with a focus on leveraging AI and other emergingtechnologies
Act with integrity, professionalism, and personal responsibility to uphold KPMG's respectful and courteous work environment
Qualifications:
Minimum eight years of recent experience in technology/businessconsulting and/or technology leadership, with a proven track record of leadingIT transformations and advising on complex Mergers and Acquisitions transactions
Master's of Business Administration degree from an accredited college or university is preferred; Minimum of a Bachelor's degree in Information Systems, Computer Science, Finance, or a related field is required
Demonstrated success in leading high-impact IT-focused Mergers and Acquisitions projects with expertise in at least three of the following: systemintegration/separation, platform migration, IT architecture modernization,outsourcing of IT operations, or regulatory technology implementation; advancedprogram management skills, with the capacity to oversee large, complex projectsand deliver strategic insights to executive audiences; familiaritywith leveraging AI-powered platforms for due diligence, synergy analysis, andintegration/separation planning is a significant plus
Proven track record leading complex technology Mergers and Acquisitions engagements (pre- and post-deal) within the Financial Services industry,covering banking / payments sectors; in-depth knowledge of the technology andregulatory landscape specific to Financial Services, including experience withcore banking/payments platforms and the IT implications of regulatory rules and changes
Comprehensive understanding of IT best practices andenterprise IT ecosystems, including major ERP and business applicationplatforms, IT solutions, systems, infrastructure, and cybersecurity
Strong strategic thinking and leadershipabilities with experience developing and executing IT strategies that alignwith business objectives; experience developing and executing go-to-marketstrategies incorporate AI-driven solutions and driving business growth in theM&A space, including client relationship management and engagement inbusiness development activities; proven ability to lead and mentorcross-functional teams

Ytd: WFC down almost 14%

Broader large financials: down 5.4%

Charlie Scharf, a banking legend only in his own mind. The growth is not materializing. I give him about 18 more months. Maybe he-l move to Chase when Dimon retires and f@&k them up too.

Why did WF pay?

Any news on the gigantic CCB reorganization? When is it going to be over? What are the goals?

The amount of people doing d-mb math trying to "calculate" a 60% in this forum is both hilarious and worrying. Maybe it's because of then we all have to go back in. Gotta micro manage their excel sheet formulas lol

Check out the news announcement today. Guess where even more of our jobs are going. Really puts the "US" in US Bank. Lol.
Maybe we've got a rebrand of the bank name coming next

How does it compare? I'm considering an offer, but their page on this forum is eerily similar to ours when it comes to issues. I'd just like to hear from somebody who's worked at both places.

I was just told that Rick Fleisher and Anne-Marie Pepi left suddenly yesterday. No word if it was voluntary or not. Anyone know why?

As a shareholder, in the latest proxy I voted against the executive compensation plan..

Engage Gunjan Kedia to implement a performance metric that requires employees to remain stationary at their desks, focusing solely on monitor interaction. Her approach has been met with derision from peers across various departments, including HR, Legal, Tech, and Payments. Her methodology has been criticized for promoting an outdated cultural perspective within a major U.S. Bank.

Didn't USAA have that capability previously with USAA Financial Centers? That concept didn't seem to work out well, so why is USAA revisiting a failed idea?

https://www.anthropic.com/glasswing

I can't imagine why. Oh that's right, because WF thinks CoPilot is good enough.

guarantee bny will do all this work and will get stiffed when it comes to getting paid by the administration

https://www.reddit.com/r/recruitinghell/s/pMBsDDfUjI

Can someone explain what they do? My friend applied for the “Branch Manager” program and said they would be working with a Market Leader. I always thought Branch Managers were Licensed Bankers,Tellers or Private Bankers that got promoted within the branch. They are now training them for months?

Flowers in the townhall: “We are not going to stop focusing on risk. On the contrary. We will continue to focus on risk management.”

Also Flowers: “Pick up co-pilot. Use it. Experiment. Get familiar with it. It is our future”

lol. How many people are using co-pilot to knowingly or unknowingly sp-t out nonsense right now. These banks are highly regulated. Zero controls in place for how outputs are being used. Most managers are reviewing nothing. No one has a clue hoo o w often people are using AI or where.

I’ve seen people submit so much gibberish to me over the past month. Clearly AI outputs.

Good job guys. Not only is RCSA a joke in terms of quality but now we are layering in more risk to every process without understanding the impact.

What could go wrong?

With the current events happening in our world. Do you think we'll see it affect us and our jobs?

Bank of America has reached a $72.5m (£54.6m) settlement in a lawsuit brought on behalf of victims of Jeffrey Epstein, who had accused the bank of facilitating his s-x trafficking operation.

The proposed class-action lawsuit was filed in October by a Florida woman who says she was abused by Epstein "on at least 100 occasions" between 2011 and 2019 and held two accounts at Bank of America at the direction of his business team.

It alleged that the bank had "a plethora of information regarding Epstein's s-x trafficking operation but chose profit over protecting the victims".
BBC

I've been here less than a year and have kept my head down but the sthe new WPE rollout, especially in GT, seems to be a reason to layoff. What happens at BofA when your time is up?

Bloomberg posted a story that citi execs are contemplating ways to grow deposits domestically through regional bank acquisitions. USB and TFc in play.

And yes. Aware that C “dismissed the baseless speculation “

How many operating council members and other “paper tiger” execs survive? Shouldn’t take long to figure out the incompetence.

Welcome to Truist, how many money market accounts can I sell to you today?

The articles that just came out about the rumors of Citi seeking to acquire a regional bank speculate about PNC and Truist but it will be USB. The McKinsey mafia will ensure Kedia has a role at the combined organization.

Does anyone know why there has been a push to get us using bank laptops to replace our HVDs?

Been glued to this site since the reorg announcement couple years back and it's just spiraling downwards. Total implosion is the only way to describe it. The culture and morale? Words fail me. Honestly, I'm starting to feel bummed that I haven't been laid off yet. I'd rather face starvation and homelessness than deal with this mess. Seriously considering quitting outright.
And I've got 20 years in the banking world under my belt, worked at multiple banks, but I've never seen anything this chaotic and awful. I'm actually surprised we haven't racked up more regulatory violations, but with the way things are going, it feels inevitable.
This past month has been beyond terrible. Almost everyone in my department has either been laid off, quit, or jumped ship to a new role.

https://www.businessinsider.com/bny-managers-teams-humans-agentic-ai-digital-employees-robin-vince-2026-3

Eighty-five workers are affected by job cuts. These cuts are at the San Jose headquarters. Dozens more workers are affected across the Bay Area. Layoffs will occur in two separate rounds. This is tied to a banking platform conversion.

San Jose, California

https://www.bizjournals.com/sanjose/news/2026/03/20/citizens-business-bank-layoffs-heritage-san-jose.html

Anyone know why the changes to time in office has been delayed? What date will the announcement go out and when will it be effective?

Thoughts on the wealth solutions restructure?

BoA just signed up to take over all of OBP, making current tenants of 600,000 SF subtenants of BoA i.e. no immediate big expansion but we went from 1.8m SF leased to 2.4m SF total so flex option for the future...perhaps this is to enable the full RTO ?

Worse place to work this bank treats their employees like trash.

This is my third bank. All are bad, but this one is the worst. I come across stuff that seems like a remnant from the previous century. With all that fancy management and hefty consultant fees, you'd think they would have streamlined some processes by now. AI would short-circuit trying to deal with this place.

151 laid off today. counting

Anyone get the official notice for the WPE changes yet via email? It was supposed to be this week.

Anyone else concerned about reporting to office with Iran threatening to attack US Banks?

with the 15th being a holiday will they sell on 3/16 or 3/13

this happened to me with Wells Fargo and I decided I had to break up with them after half my life banking with them. my conversation with customer service was hilarious though:
WF: can I ask why you're leaving us today? me: your interest rates are making me broke WF: I can totally understand that. let's continue with your cancellation

Does anyone know when the 2026 RSUs that were awarded will show in our benefits online account?