Senior leadership has driven the bank into the ground, celebrating themselves for supposedly improving productivity, even as they create an illusion with a false productivity ratio. Behind the scenes, they make massive job cuts, casting aside dedicated employees without a second thought. Their lack of accountability and disregard for the people impacted is disheartening, as they continue to praise their own so-called success while the workforce suffers. The lack of empathy and integrity is alarming—and it’s disgraceful to watch those at the top sleep soundly while the bank and its people bear the consequences of their choices
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And the bonus for the leaders is tied to HIRING. Seems like a conflict.
"changing client preferences" is corporate speak bs.
Absolutely! The entire risk department is a true sh-t house now and it’s only going to get worse. The bank will be hit with additional huge fines and penalties soon. Bet on it.
It’s greed. That’s why they laid off compliance people and people handling AML.
Greedy. watch the bank get hit with a big fine again for AML volition again.
But they don’t care because they got their big bonus and retired by then
Greedy
It pure disgusting greed. I hope customers and employees leave in mass droves
It’s all over the news : US Bank, which has now closed 121 locations so far this year, attributes the closures to changing client preferences and behaviors, including a rapid migration toward digital and mobile banking platforms.
Yet customers still prefer to talk to someone - leaders have no clue