CS senior leadership has been jumping ship in the masses lately, is something coming that others do not know?
21 replies (most recent on top)
Besides SS, who else was there? Some of his cronies have left and I am sure there have been a handful of defections here and there but I don't see a mass exodus. All these Visa and JPM rejects we acquired have it pretty good here. Why would they want to leave? I know SK left a while back and SS brought him back hopefully not at an increased salary. But knowing how d-mb SS was, it would not surprise me if he paid extra to lure him back.
I just lifted my left cheek in reading these responses and blasted a Traf!
The only thing of value we'll have when Shart is done is deposits, and those alone make a merger with JPM impossible. It's not happening. At the end of the day, JPM doesn't want WF. They correctly assess that they are a better bank. Besides, if we merged, where would B team JPM execs go to get paid millions for very little work before they finally retire?
BWAHAHAHA!!!
This thread is useless
WF Tech will be sold to an Indian tech company, and the WF Business will be sold to JP Morgan. But first, WF needs to divest some segments and shed lots of excess weight before those transactions.
A lot of you don’t seem to understand banking laws.
The Riegle-Neal Interstate Banking and Branching Efficiency Act prevents mergers of banks if the combined deposits exceed 10% of the nation’s deposits.
There is no bank Wells Fargo could merge with. Only a non-banking entity.
OP, what does "CS" stand for in your mind? I can tell you that there's multiple groups that use the acronym at WF, so please be specific.
Who has left?
The only way a merger will become possible is if WF fails...that will not be "good" for WF stock holders, at all. Think $10/share. Otherwise it would never get approved. To close to a monopoly.
Name 10!
lol literally no direct has left.
It won't be a merger. It will be a takeover of a failed bank.
It's been in the works since the fox (Scharf) entered the hen house.
Congress will support it.
JP Morgan merger is great for WFC stock holders. I approve
Who has left lately?
@kuk a merger with JPM would be close to impossible. Both banks are over the 10% threshold of total deposits. Also there is no way in he-l Lizzie Warren and her buddies would allow this to go through.
Or maybe Chase is about to get in some big regulatory mess and Chase executives are jumping ship to WF which is about to to come out from Fed restrictions.
Who in what role jumped ship?
Needs to clear regulatory hurdles, this would be the most massive merger in financial history.
We had some wonderful non financial mergers in the past:
AOL Time Warner
Daimler Chrysler
Enron Anyone
Jumping ship because the JPMC merger is actually in flight right now. Getting rid of lines of business, bringing over everyone under the sun from JP, core location strategy. Whats the date Vegas has set for the merger? I will say end of 2025. Whose taking before that date and whose taking after????
Who has been jumping vs getting pushed off the ship?