An Investing Analogy: WHEN TO SELL A “LOSING STOCK”: (ticker symbol, CHAS) The first rule of investing is to manage risk and cut your losses before the bad investment further erodes your returns. The tendency is to hold on to the hope that it... — read more 

Current office is next to some sort of junkyard with hundreds of homeless people. Great scenery with lots of panhandlers and crack heads as I drive though. Building inside smells of mildew and toilets are disgusting. Cubicles are filthy and nothing... — read more 

Seriously the culture is so toxic and there are so many bad managers here. There will always be bad managers and teams but this is a company that enables and maybe even encourages attrition. My team is he-l and I’m just trying to survive until that... — read more 

What is going on with all these groups/teams being asked to compile a list of all their job responsibilities, and time it takes to complete each task, then presenting this information to team members overseas? I'm seeing various groups in different... — read more 

Anyone know which week in October HR will be hit with a second round of layoffs? Which groups will have the biggest impacts?

Jan 2019: “CEO Tim Sloan expects the bank to operate under the asset cap through the end of the year.” March 2020: “CEO Charlie Scharf testifies before Congress that Issues will not resolve until 2021.” Dec 2020: “Top WFC executives expect... — read more 

Don’t fall for the blame game of elite. Labor is the engine of the largest economy in the world. Big Corp and wealth exist because of the hard by every average American. The leaders of these large corporations are feeling the pressure for once by... — read more 

UNIVERSITY OF PHOENIX. What a joke that we have executives with diploma mill degrees

Has anyone ever? It’s beyond bizarre that a leader of a huge global workforce would be so silent. Does anyone even know what the vision is for this company anymore ?

Its selling for under book. Makes more sense to liquidate the place. No more tax revenue for San Fran, regulators fired, just create a giant economic mess with 230,000 out of work. If that's what our corrupt gov't wants, i say go for it. Stop... — read more 

https://www.efinancialcareers.co.uk/news/2023/09/quantum-computing-finance Article includes workday link to six day old JD quantum role opening.

Rumor has it Sunil is going to outsource large parts of the cyber security org to a 3rd party for cost cutting measures. I wonder how regulators feel about it?

Let's take a vote

Is it going to be announcing Carrie’s prison sentence on 9/15 (yay finally!!), or is more new information going to come out before then? My money’s on another big shoe is about to drop.

WSJ via https://archive.ph/bhqTB ... Over the past decade, banks also increased their exposure to commercial real estate in ways that aren’t usually counted in their tallies. They lent to financial companies that make loans to some of those same... — read more 

What did you say in comments area?

Does anyone have any insight on the plans for the Billings, MT site? Is it just a matter of time until they close it or is it possibly safe given the relatively cheap labor rates?

Lately, things at the bank have taken an odd turn. As I highlighted just yesterday, we've seen a peculiar shift: 30 employees aligning under a single manager after several demotions took place. Rumors suggest a potential phase-out of our non-hub and... — read more 

https://www.axios.com/2023/09/07/bill-daley-leaving-wells-fargo

He’s normally always quiet. We get a quarterly town hall after each earnings report. But we didn’t get one last time. Where is this guy? Things feel eerily quiet

With no movement on the lifting of the asset cap, incentive compensation plans for branches are already expected to be rolled out again this fall when we don’t even have the proper controls in place. Does no one else see this as a problem??

It’s all over Twitter. The Titanic is going DOWN

Announcement coming.

Any news of closures in North Carolina ?

Wells Fargo Is Still in Fix-It Mode Seven years after fake-accounts scandal erupted, many inside bank sense a make-or-break moment WSJ 2023/09/06

Managers with horrible employee surveys are still here years later. I used to work with a manager who was miserable to work with, played favorites and had no respect for the team. Made us sit in meetings all day because they loved the sound of their... — read more 

I keep seeing constant marketing materials/talk on how CIB is planning to grow and improve their technology, platform and products However after being in this group for more than 4 years all I see I multiple groups/team doing the same thing, senior... — read more 

And what happened to the previous thread?

I tuned in purely for entertainment value...lacking after 25 teleprompter-filled minutes. Popcorn? Check. Somebody please make it make sense. Perhaps the entrance of TK will be more than enlightening, but I have low expectations. Discuss.

I have signed an offer letter and the post is still out there dangling for the people that didn’t get the job. This happened to me the last position I applied for, which I didn’t get. It left me wondering for nearly a month. Why can’t you all move... — read more 

You heard it here first.

Why is Wells Fargo switching so many employee job titles over to Business Execution Consultants? They are all performing entirely different job duties with dramatically different levels of education and responsibility, and have extremely wide salary... — read more 

I'm reading remote workers are being targeted first and I am fully remote but within 35 miles of Concord. Would it be adventacious to switch to hybrid to buy me some more time so I can find another job? I would say 75% of my team is remote including... — read more 

Who is running the airlines these days - Wells Fargo? The emergency room with sick and injured patients waiting for 8-12 hours, with no pro-active communication from the hospital staff, is the Wells Fargo of emergency rooms. The highway that is... — read more 

Looking across my organization in the COO we have managers with 30 to 50 people reporting to them. We just converted managers out of their roles into principles or senior leads. So now what? Are we hiring more directors? Shipping roles to the... — read more 

And Credit Suisse imploded...a long downward trend with multiple bad decisions. UBS acquired them.

Jamie Dimon, Chairman and Chief Executive Officer of JPMorgan Chase & Co., will present at the Barclays Global Financial Services Conference on Monday, September 11, 2023 at Wells Fargo & Company (NYSE: WFC) said today that Chief Financial Officer... — read more 

Following the practice of Tuesday layoffs, people in Springfield, IL were given notice today. The office was originally being sold, but two different buyers have backed out, so the plan now is for the building to sit vacant.