Honestly, I never thought the current Bank President would have such a devastating impact on USAA Bank’s culture, organization, and people leadership. I knew him when he was an ED, watched him move up through the ranks, and genuinely congratulated him when he was selected. At the time, I was happy for USAA because I believed he might help restore the culture many of us remember from before 2018, etc. I never imagined it would turn out like this.
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@10z %%%
@sr OP isn’t talking about the industry, the topic is USAA, which cannot afford to have a 3rd consent order dropped on them for the same issues.
@ra plenty of money to be made between now and 2029. No one in the industry is worried.
@n4 this a joke, right? The OCC has had a bullseye on USAA for the last 6 years and with how things are currently going now, unless a miracle happens where Moran learns how to run a bank (outside of layoffs to make the balance sheet look good), we’re going to get hit with a 3rd consent order in 2029, and that will be much worse than paying millions in fines.
@c7 yes all the banks are just shaking in their boots about the OCC. what was their last enforcement action of any consequence in the last 2 years?
This is the most cooked, d-mbest employee base I’ve ever been apart of.
@bx: He’s doing the best he can. And that doesn’t scare you?
If you have paid attention as you’ve eluded, you would have known that it’s Brad who actually runs the bank division, not Mike.
@bx his main goal is to make sure the bank is profitable, unfortunately that has come at the cost of its workforce. While he may be a nice guy, what’s that old saying, “nice guys finish last.” All Moran is doing is listening to consultants whose only recommendations are to layoff the workforce to save on expenses. It’s no wonder the OCC is still on our @$$.
I, too, have known the Bank President since his ED days. He has always cared about people. He was honestly one of the best leaders I have ever worked for. I believe he is doing the best he can.
@ar that sounds about right
“I never thought”. And that’s the singular problem with 95% of the employees at our company and why we will continue to have mass layoffs.
Mike Moran is a numbers guy who knows jack squat about running a bank. All he cares about is his balance sheet being far in the black, no matter the cost to morale and workload.
Agree