With Rick leaving, any insight into how his replacement might make changes? The Financial Crimes group is such a disaster. I bet some of the execs will be out the door shortly.
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@d4 Agreed since day one—it’s always been about chasing ‘big bank’ experience, no matter how competent, instead of valuing the exceptional homegrown leaders they already had.
I don’t know where she came from before, but MN always has something up her a-s.
We aren't talking high performers at Wells Fargo that left voluntarily. All were fired sat on the market 12+ months and then hired at Truist as managers. The jokes write themselves.
I don’t think it’s any coincidence that so many of the JP Morgan and Wells hires are what they are. If you had any career path at either of those banks would you move to this dumpster fire? And it isn’t like Truist’s problems aren’t widely known in the industry.
Truist from the beginning has been about perception over substance. They would rather get a bad employee from a blue blood institution than a really good one from in-house or a smaller institution. To me that is a big reason why the culture is what it is and the merger has been a failure.
So, what area of SunTruist isn’t a dumpster fire. Probably another WF person incoming to take over or look around and find another former Suntrust flunky in the area and that’s your man or woman. Don’t expect it to get better.