All retail market leaders will be in California next week. Will some of them be laid off? Maybe they are getting their chakras adjusted? USB is a 🎪 with a large cast of clowns 🤡
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So let's recap what happened... Nothing, it was a meet and greet. Nothing but facetime, handshakes, no substance what so ever. Love what Floyd wrote in the comments section. Your obviously new to in your leading role so, I hope this shows you how corporations give false hope when acquisitions occur. They won't share there plans with you. So many times US Bank had several opportunities to share with the moving forward strategy. Why didn't they? Cause you wouldn't like what they have to share. Wasn't that obvious? Look at the little they are sharing with you now. It's not good, is it? Lmao I sorry for being crass but, it's very obvious to me.
More like a week of the retail bank continuing to go down hill while Timmy the McKinsey consultant "plays" banker with mandatory nap sessions and meaningful "Best self story hour" the Market Leaders will draft worthless strategy plans that as usual fail to grow customers, only more and new ways to layoff the actual production staffs in branches. In other words it will be another week displaying the weak leadership at the helm.
This is a visit only for perception. No substance what so ever. Just dress to impress smile and don't say anything d-mb. Bad leadership does this from time to time to check a box that they visited instead of actually being involved with there branches.
This is just the yearly offsite meeting.
More than anything. I'd like to see some concrete plans for employees and development of talent going forward.
And if PacWest goes down and sold off to a competitor, with First Republic being folded into JP Morgan at a bargain bin price, U.S. Bank's acquisition of Union Bank was not so much a good deal in that market and as a component of the regulatory approval, U.S. Bank agrees to take responsibility for Union Bank's OCC's consent order which was announced the same day the deal was publicly announced.
Yea, I'd want all the market leaders in California to talk about the new realities in West Coast banking.