Reverence PE bought advisors group in 2019 which is a conglomerate of asset management firms that were bought out one by one. Then, Reverence bought a distribution arm with FAs. It doesn’t make sense to maintain WFAM as a stand alone. They will merge... — read more 

On CNBC Wells Fargo sells asset management arm to private equity firms for $2.1 billion

Well what we have been all expecting is finally official. Let the attrition begin!

Not if you have the right attitudes. Its having the right attitudes thats hard.

What is a digital Hub? Some something on this year objectives and 100% of full-time employees to relocate to digital hubs?

Anyone has any info on when will these occur? Is March 25 a probable date? Any ideas of how many??? Thanks!

Is it true there will be layoffs in Technology tomorrow? Could someone in the know and give us some hints or drop some information so we can be prepared at least

2 of 4 to get consent order lifted - check 10 years going up - check 3rd party consultants gone - check expense cutting - check Stimulus checks - check more stimulus checks - check lowest credit losses in the industry - check selling below... — read more 

A quarter of a million employees are way too many will not cut it. Get this thing done already instead of fostering an environment where employees are depressed and have no loyalty to the company.

I think we all are being taken for a ride. Regulators: They are tired of dealing with us. Prior management was disrespectful and arrogant, angering the wrong people. Charlie has fallen on the sword and presented a plan, any plan. Regulators can... — read more 

3 years ago, there was a speculation that WF might buy a credit card company who holds premier brands. Now same company should buy WF.

Anyone in on the know wanna give tech folks a heads up on what to expect before the rumored 2/23 date?

https://www.washingtonpost.com/business/on-small-business/talent-fight-erupts-as-wells-fargo-exits-foreign-wealth-business/2021/02/05/1c70e45e-6808-11eb-bab8-707f8769d785_story.html Looks like banks waiting to scoop up Advisors in Wealth... — read more 

I was not on meeting, but hearing that all QA Associates are let go?

Don't schedule Friday meetings. Whatever it is can wait until Monday. (No really, it can.) Avoid IMing people for any reason. It's Friday. Let the day be a nice quiet heads-down working day. You can wait until the following week to kiss your... — read more 

Better call Saul.

Is this common? I worked the full final quarter, and yet got no bonus, and it looks like they docked me approximately 25% of my pay. Do I need to call HR? It's worth noting it was voluntary resignation and not a termination.

Did you sign up in teamworks? I could use it. Sounds like they want to get us prepared for the inevitable.

Anyone else hearing about potential notices next week 2/23, 24 or 25)?

Best leadership teams? Really? https://www.comparably.com/companies/wells-fargo/awards

I've seen three announced resignations just in the past week and a half in my group. Are other areas seeing a larger than normal uptick in attrition this year? I'm curious how that could impact the planned layoffs, if at all.

Where is my bonus???

Chuck/Charlie Yeager just hit Mach 1.06 getting the plan approved. Seriously this IS the biggest day in the last 3 years. Charlie will have have easy back to back wins for the next 2 years.

https://www.mcclatchydc.com/latest-news/article24752206.html

I just called the Customer Service # for some assistance with a question about setting up Security Alerts on my WFC accounts. (Wouldn’t normally do this during my workday, but I’ve had some concerning activity on my accounts in general.) Estimated... — read more 

(Updated - February 17, 2021 10:37 AM EST) Fed officials have privately signaled to Wells Fargo (NYSE: WFC) that they accept its proposal for overhauling risk management and governance, according to Bloomberg, citing people with knowledge of the... — read more 

This place has the worst compensation packages I have seen anywhere

Look, Jim CRAMER loves Chipotle. So why the heck NOT? This will be a merger of EQUALS!!!

Current Timetracker code of PUBLIC HIGH RISK HEALTH CODE will end on 03/31/21. Another timetracker code will be in place April 1st but at 65% pay.

Part of my severance package was job placement help with LHH. I'm actually not that impressed. I appreciate the review of my resume but the rest? I went through the orientation and as an older worker near the end of my career, I don't see nor can the... — read more 

Like the other day one of the co-workers asked me, "how can I complete this assignment the nutcase manager gave me Friday at 4 pm." So I gave them some information on how I would suggest approaching it. Then he said "am not one who usually asks for... — read more 

Is that a sign of being laid off/fired? Or it means the person left the firm voluntarily? I have a coworker whose email address has “zz” added today so I am just wondering. Thanks.

“The company has a new CEO, Charlie Scharf, who joined in 2019 from JP Morgan. Charlie has been moving quickly to turnaround the company. He has brought in six new members to the Operating Committee all from outside the company and has recruited... — read more 

Looks like as far back as March 2020, Chainsaw said the cultural issues will be resolved in 2021, likely by replacing all the toxic workforce here using layoffs, the next... — read more 

https://www.bizjournals.com/philadelphia/news/2021/02/08/wells-fargo-closing-25-more-branches.html

Musk needs an established U.S. bank (as cover) to begin the block chain revolution. Wells Fargo can be purchased on the cheap and can re-image itself as a fintech. Perfect fit. Charlie be smart....

Seems like we have been waiting for months for them to pull the trigger on the risk and compliance layoffs. They were supposed to do it in November 2020, then nothing. When are they going to get rid of all the employees rated 1s and 2s In their 202o... — read more 

I was talking to a Manager Director in Internal Audit at Bank of America (BOA). He told me that there are only 4 management layers down from the CEO at BOA. For example, you have the CEO, Chief Risk Officer, Chief Compliance Officer, a Managing... — read more