And we as a large bank will feel it too... specially as we don't have a counter balance to the heavy consumer business. Buckle up Cupcakes!
https://www.pymnts.com/economy/2022/wells-fargo-ceo-hard-to-avoid-a-recession/
5 replies (most recent on top)
Recession = Reduction in Force. One two Chucky's coming for you.
Which is why the bank needs to increase diversity in businesses such as CIB, WIM, etc
Post ID: @khs+1gOpCQu1
That a because they are using failed Chase policies they already tried and failed (which is why Chase let them get away).
Clueless Charlie, in typical Upchuck Scharf (and Wells Fargo) fashion, is the last to the table and he parrots what Dimon and other bank CEO’s have said long ago.
Wells is late (last) to the table on any supposed “innovation” we claim to have, is always late to the table with any marketing impact (our commercials are horrible, and the way we force progressive and DEI junk in our marketing and communications is embarrassing us and negatively affecting our reputation and growth).
But Upchuck keeps getting big paychecks and the Board continues to hide under their desks and do the same.
"I have cover to increase layoffs." -what he really said.