The Bank consent order right before the holidays took the wind out of a lot of sails, but hopefully 2025 will be the year to make some progress and become profitable again.
Leadership seems confident that there are plans in place and they’ve been working on a remediation plan all year so trying to keep a positive outlook.
Let’s do this!
I was hired due to the mess from prior violations. Then they filed their phoney PIPs and left for greener pastures. Now, after reading this, I expect to get the flood of "we are under new management...work for us" B.S. Never again. It left a very sour taste in my mouth. My guess is that they will have to go through the same process as they did for us "newbies" back then. And fire them again.
Who let in the dancing panda???
You cant just weael your way out of a consent order, its going to be a long painstaking few years if they dont decide to sell off the bank first which is highly more likely.
Same old, same old.
Just like the new billionaire administration, its all about the 1%.
Too little too late were the culprits asked to retire
The damage is done and as has become the norm CEO, CRO, CAE and bank presidents got their golden parachutes and left it to us little people to clean up their mess!
When the 2019 bank consent order hit, leadership tried to spin it into something positive, “we do 99% of everything correct, but that 1% we need to get right, and we will.”
Fast forward 5 years, 2024 consent order looks awfully similar to the 2019 order.