https://www.theretirementgroup.com/featured-article/5448072/are-us-bancorp-employees-shocked-by-a-layoff-thrive-do-not-merely-survive Been a rough week. Best of luck everyone.

Looks like layoff are happening in the st louis mortgage team today. Food luck to all.

https://www.thepennyhoarder.com/bank-accounts/worst-banks/

I am curious to see who had meetings this week, as I thought our group would have heard some thing by now.

Closing branches got an update on our next assignment. Some of us are transferring to another branch and some are becoming float CRC. Sooo are the floats are temporary until end of the year? Also what will happen to Union Bank ABMs even though... — read more 

The reason why USB titled CRC was do the the staggering employees that left to a competing bank for better pay. Review the retention numbers for bankers with USB. The worst of any bank. That's why they changed the name. So competing banks would think... — read more 

What’s that equal? Probably layoffs of non-manager types because you know AC and his McKinsey-consultant right-hand-man/flying monkey aren’t going to take the blame.

Union Bank employees has your role been mapped to US bank yet? If we haven’t been mapped should we assume we are being let go?

Under Richard Davis, USB was a leader amongst its peer group in every important metric of financial bank performance for about a decade. ROA, ROAA, ROE, Efficiency Ratio, Loan Loss ratio, etc. USB was head and shoulders above its peers for a long... — read more 

https://www.moodys.com/credit-ratings/US-Bancorp-credit-rating-284000?lang=en&cy=can

https://www.americanbanker.com/news/u-s-bank-fires-back-after-its-capital-levels-face-scrutiny This may explain the Q4 2022 lending restrictions in Commercial banking

Over 150 U.S and Union bank branches closing mostly in California on May 26. They keep saying all front line employees with have jobs but they haven’t told us what our new assignment and location will be. Where will they fit all of these employees?!... — read more 

Anyone else feel like the bank is taking a huge dump? No one knows how to do their jobs. The fraud department is a joke, back office is a joke, loans (even credit cards) are being turned down left and right. Everything needs to be done by email yet... — read more 

Is it usbanks intention to drive out really good talent? Because that is what I see everyday. Starting at the executive level, middle management and lower management, stop your ridiculous iron fist. Do better!!

For the right price, even a criminal bank like U.S. Bank can buy the “Most Ethical Award” from Ethisphere! “US Bank fined $37.5 million after opening fake accounts to meet sales goals. US Bank employees accessed consumers credit reports to open... — read more 

And Holdco was way early and correct on SVB https://www.prnewswire.com/news-releases/holdco-asset-management-issues-research-presentation-identifying-failures-by-the-federal-reserve-301798469.html

What will happen to closing branch employees? Over 100+ branches are closing end of May and they still haven't said what will their new assignment be? Will they get let go even though they keep saying frontline employees will be kept?

UB folks , if we haven’t placed you yet. If you haven’t been told that we want to retain you by now. Look at the calendar. May is close . We are planning on large layoffs starting in June. More in July and August . Take your bonuses and go find your... — read more 

Message this morning “we will make do with less”. People are stepping down for personal reasons or perhaps they’re burned out. They will not be replaced. They will be absorbed we will make it do with less. How does that make you feel?

Been here 10 years. The last 6 months have been unbelievably Nagy. Every day is more toxic than the last. I’ll be gone the minute I accept a new job. Sad really, I thought this would be where I stayed till I retired. But my health and wellbeing must... — read more 

I know we are far from being over, is there any way to know when the cuts will continue?

Is there any way to find out if I have been blacklisted from rehire? In my previous department I was “laid off” as retaliation from a manger for calling out her errors. As Greedy Andy has already demonstrated that he will turn a blind eye to illegal... — read more 

Former MUFG employee here. I call the number, they say I have to start online. I go online and all the buttons to start the pension process have been removed. Attempting to project my pension results in an “eligibility error.” Great. Thanks, USB... — read more 

This is after layoffs last year. Imagine how far a billion dollars would have gone if we had invested that into bailing out our customers; given them the tools and resources to become better earners for the bank.

They started announcing that we can now take unpaid days off in my department. Seems we might be over staffed after they hired bigger groups starting this year.

It is almost like controlled opposition. Thoughts?

I would rather they just lay me off than find ways to work around my job. It is happening more and more every day. U.S. Bank employee.

Branch banking, Minnesota onsite location

I saw a previous post that said Risk team employee will be laid off today. Any truth to that? What specific area with risk? And why the layoff, we’re non stop busy.

*I know it's uncertain times but, we can only control what we can control. If it's too much to bear and for some it's understandable please, prioritize your health and wellbeing first. Maybe it's taking a leave and exploring your options outside... — read more 

How is the Union Bank merger going along with the SYSTEM implementation? Cuts will be happening soon. Those who were termed and rehired are likely on the chopping block. It is what it is. Tick tock.

What's the float branch manager and engagement manager roles? Are they just here until December? How about all other employees of branches being closed? What's happening to them??

https://www.msn.com/en-us/money/markets/big-short-michael-burry-sounds-the-alarm-on-two-u-s-banks/ar-AA18WsY7?ocid=msedgntp&cvid=abe88fb997984f93878d2fa619f1a00a&ei=11

The atmosphere is tense, plenty of rumors about layoffs floating around. I don't think I've ever been more anxious about getting laid off. You? I tried to find a new job but I got discouraged real quick. It's tough times ahead.

Is this a good company to work for in an IT manager role?

Rolling layoffs at union bank have started. All hush hush so as not to spook employees working on conversion efforts. Several business and operations folks received notices today. Party has just started!

Thoughts on us merging with either Truist or PNC and becoming a “too big to fail” bank?

Have you heard of what’s going on with Union Bank bankers, Abms, bssos? What about the employees of closing branches?

To the comment that this will be way worse than 2008 - that is utter nonsense. Banks are far better capitalized than they were leading up to the 2008 financial crisis. SVB had a mismatch of asset and liabilities. It is true that most other banks... — read more 

Andy really has done a terrible job since Richard left. At least he doesnt do that side profile thing anymore on his "three things from Andy emails". But I still get concerned with some of his woke nonsense and considering we have slid down a... — read more