We have lost lines of business in parts of the country due to CS and his merry hatchet. How soon until WF can be absorbed by another bank? How many more heads and/or LOBs?
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It won't happen OP. Parts of the bank could be sold or spun off, but the core of the bank can't be acquired by another bank because they would then control too large a % of national deposits.
The Riegle-Neal Act of 1994 restricts any single bank from controlling more than 10 percent of the total nationwide deposits.
OP here. To explain it better, when are we in danger of being bought up by another financial institution? That would definitely include having the regulators give their approval. If we know this, we know when to jump ship.
Maybe Home Lending getting the axe next. SHART said so in not so many words.
Absorbed by whom? The Fed/Gov would never let it happen.
Also, of that is your wish, then you would most certainly be out of a job. If you think layoffs are bad now, just think how it would be when you every role is doubled or tripled?