Thread regarding Wells Fargo & Co. layoffs

@jjx+1q1YOVF3

True, but the exceptions actually helped clients. They're getting their hand slapped because they weren't consistent. To me just sounds negotiations. Some people get better deals than others that's life

Managers and their employees are there to be the scapegoats for every single bad exec decision made, so that they're hands can stay squeaky clean and keep lining their pockets. It's absolutely foul!

As a loan officer you are commission only and only get paid when the loan closes and funds. Of course you would be asking for pricing exceptions on every single loan to get as many closed as possible and avoid a client going with another bank. The pricing exception issue sounds like another system the bank set up to facilitate this type of illegal behavior. Sounds very similar to how bankers were incentivized and pressured to open fake accounts. The issue comes from the top down but those at the top will just blame the little guy as per usual.

If we just truly recognized and promoted more women and people of color, we wouldn’t be in this mess.

Charlie can't help but create more scandals for WF.

@yxs+1q1YOVF3

It's related the layoffs because any bad news in the mortgage group just reinforces what Shart thinks about that group. When Shart doesn't like your group, massive layoffs and offshoring follows.

same #wellsfargoshitshw different day.

Someone needs to check the bias of the CFPB and CNBC. It starts with our leadership, which we don't have any as a bank.

@hgv+1q1YOVF3

This issue is more why is WF only called out?

There was a time when this layoff board was mostly focused on upcoming layoffs and other wide-reaching changes (RTO, etc.)

Now, there are daily posts (often several) by someone that scours the internet for any negative headlines about Wells and/or an executive.

These posts are boring and unhelpful.

(My post here has nothing to do with defending bad exec choices, so save the immature replies.)

Can we get this board back to what it was? I'd rather have fewer, but higher quality, posts. Anyone else feel the same?

"Several banks received MRAs about lending practices last year, the agency said without naming any of the institutions."

Without naming any of the institutions... except for Wells Fargo, of course. Someone at CFBP has it out for Wells Fargo. And, shame on CNBC for amplifying the bias against one bank.

@enz

Corrupt employees defending corrupt banks. And you wonder why people despise banks.

Guess you were never taught about taking accountability, simp.

No compassion for those who were negatively affected, but sympathy for those who abused them. Got it.

This is industry wide practice ... but for some reason Wells got caught in the news and the stock is down 100bps just by this headline whereas JPM is down 5bps .. Media certainly hates Wells!

let's see how many times this gets posted today. I'm guessing at least 3 with this being the first.