I don’t have an exact count but the Business Banking Group Collateral Monitoring team got displaced today. I think there were a few other BBG team members also let go.
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Don't need many investigators once we get rid of all the domestic employees, so I'm not surprised that group got hit. Same with legal.
BBG is just a line of business that handles commercial loans. Their loans book to AFS. I believe their clientele is usually on the smaller side asset wise.
Got hit today in MSP. After yet another re-org
Not location strategy.
Displacements in Internal Investigations as well.
Wells Fargo Legal department quite a few displacements today. From Admins to Paralegal to Business Execution consultant. Notbaure if any Attorneys were displaced todya
What does BBG do?
Thx for sharing.