https://www.charlotteobserver.com/news/business/banking/article255458516.html
7 replies (most recent on top)
Well done
I’m sure asset management will flourish from getting out from under Wells Fargo.
Best wishes to Allspring for recognizing the value in a business that Charlie did not. I hope all of our former employees prosper and thrive under the new properly managed company.
Corporate Trust users were moved over to Compushare, or whatever that company is, over the weekend.
All is good
Yeah that 1500 FTE headcount is not going to make dent in the profected 50-60k reduction of headcount...
As Charlie said in a town hall, "we haven't even realized the revenue from selling those lines of business." At least $6 Billion a quarter in profits and selling off lines of business to make a profit like Wells Fargo is Evergrande...
- 5k.