I get blank all-white screens when I navigate to many useful parts of the wellsfargo.com site. The "there's a problem on our end" message pops up way to often, and "online banking is temporarily unavailable" as well. I try different browsers, mobile... — read more 

In the spirit of using this site for what it’s for: Layoffs of the third week of March is happening. And as usual, layoffs will continue, and have continued. Also, WF is heavily monitoring and tagging entries on this site. You can just tell by the... — read more 

Does anyone know what areas will be affected for this go round of layoffs? Still mortgage, underwriting, etc? Or will other areas like risk, control, etc be impacted?

good article on the benefits of middle management. https://www.businessinsider.com/middle-managers-great-flattening-organization-meta-tech-layoffs-firing-2023-3

Wait? What? I should be using a car? Nah, stick with the tried and true. I mean we all learned that we can work from home with the current technology and be just as productive. But I think we should keep things the way they always have been. People... — read more 

This org moving from Commercial Banking to Strategy, Digital, and Innovation. Thoughts? GTM has been in a constant state of contracting and expanding for the last two years. Is this the final “end game” for these folks?

My mgr told me he wants me to reallocate to RCSA team for several mos. but will pick someone else if I'm not interested. Anyone have thoughts for or against RCSA teams? I'm nervous about leaving my regular role for so long. Not sure if it will be... — read more 

Hey Wells Fargo Board!! As a former employee, but one who has way too much stock still invested in Wells Fargo, can y’all just be done with Chuckie already? Bank failures aside, the stock has gone no where but down since he came in to power. He... — read more 

What do you think?

https://www.npr.org/2023/03/02/1160358099/school-attendance-chronic-absenteeism-covid

From CS email- Is this related to the deposit thing that happened?

Lost a few teammates due to layoffs and now 2 more just resigned and beat me to it. Hoping to put in my papers real soon as well. This is going to be very difficult for those that are left on the team to even manage the work load as many are not... — read more 

I logged in this morning assuming we would be getting an email on any impacts with SVB and talking points to discuss how we are different. Instead I can lose weight, we have quantum computing give loudspeaker a try and my mental health... — read more 

Just wait until it becomes public the conflict of interest SVB and venture capitalists had. People are going to be questioning why what they were doing was ever legal. Scharf wants to model Wells Fargo be more like a fintech. The fintech game is... — read more 

Thanks to the new mortgage strategy. Inherited a couple nice deals from some mortgage folks that got fired (sorry, not sorry). I’ll prob make 80k this month. And Wells new strategy of only focusing on select big metros is working great for me. Our... — read more 

Its unreal that the Fed is offering a bail out of SVB deposit holders above the 250K limit. Risk taking VC's and Crypto nut jobs and their cr------d banker want to take on a ton of risk and now everyone else has to pay for it with higher rates and... — read more 

If i were a customer at a regional or smaller credit union i would be freaked if i could pay my bills soon. The bigger regional banks i hear don't do stress testing like the big banks WFC/CITI/BofA/JPM where they get ground by regulators non stop. ... — read more 

The SVB problem (and soon other banks in same risk portfolio) is a welcome reprieve for WF. A break in media attention after 7 years of bad news opens a window to take advantage of the situation. Maybe it is simply changing perceptions, maybe it is... — read more 

https://finance.yahoo.com/news/5-most-pressing-questions-answered-121239443.html

I know that this site is monitored by WF Insider Threat. So you guys can kiss my behind because these things have already been communicated at certain levels. I was given information through various Directors that we will see a consolidation of our... — read more 

Discuss while I take a sip of my coffee...

So many fools who don't pay attention to $250K FDIC coverage rule. It's not that difficult -- open separate accts. Now there's a run on $$$ after SVB meltdown, ignoring the actual factors that led to it. Stock market Is driven by emotion more than... — read more 

So we can confirm that we hired enough Indians to replace your a.

Processing layoffs have been happening the 1st week of the end of the quarter. Happened in 2022 and looks like the trend will continue in 2023. In June 2022 (end of Q2) layoffs in processing, underwriting, closing happened the 1st week of the end of... — read more 

Never want to hear WF or any other bank complain about too much regulation ever again. Clearly, there isn't enough regulation! Thanks, PAB (aka TFG), for getting rid of regulation that would have prevented SVB collapse. Nice job. And spare me the... — read more 

Total employees laid off: 9.3k Over -120 Under -110

https://www.independent.co.uk/news/world/americas/us-politics/trump-silicon-valley-bank-blame-regulations-b2298859.html

Ever since he took over tech there has been one issue or another. He should be fired for the incompetence.

With respect to the latest fiasco, affecting customer deposits - I'm betting the A-team was laid off; the B-team is what is running the app show. And, since with agile the only concern is working from point-a to point-b and nothing else matters, we... — read more 

Hey what if people got together and took turns taking a group of badges and swiping them on their day in the office , then give the badges to the next person, and so on and so on. Then in reality you only have to go in the office 1 day a week maybe 1... — read more 

Does anyone else find it funny that TK never was up for any of these awards from her previous jobs. She comes to WF and becomes SVB’s cheerleader and WF puts her up for all these award shows when in reality she has done nothing. Good thing she got... — read more 

Please let’s not insult the intelligence of our customers and shareholders. We just happen to have an isolated technical glitch on a day when there are runs on smaller banks??? Concerns are just now becoming common knowledge regarding the hidden... — read more 

Runs on banks are nothing unusual, study the Great Depression, Great Recession, etc. When depositors and investors lose confidence, runs happen. They want their deposits out and if you don't have liquidity as a bank to pay them out, you're F'ed! As... — read more 

Is WF safe?

I hear from plenty of people on this board who support RTO, but I have yet to speak to anyone in person who prefers being in the office. Context: I work in a large city with access to multiple hubs, and I split my time between a couple of locations... — read more 

Which of these should be sold off and shuttered? These are the only two options. Defend your response.

Wonder if TK the poster child for SVB cheerleading will own this or blame others . Maybe less dancing and more working would be good for #bankontech . Wonder if oneCT will mean TK will offer up her job or someone else’s job.

Most these smaller players are going to get washed out from lack risk controls over the years, regulators barely watch the smaller players. Basic concepts like match maturity just went right over the heads of bigger players like SVB, think of the... — read more 

I saw that headline in the news, and asked myself: Which one, the bank or the person?