Well that’s special. With that and $2 you can ride the bus.
11 replies (most recent on top)
The same OCC that approved what we currently have is the same OCC that now has an issue. We couldn't change things without really good cause because we already have official approval for what we had. I previously questioned a few things and this is the answer I received. Of course there is knowledge that some of the things in place are not effective. It's the flip side to regulation that we are not able to discuss.
There were news reports that wells & other banks were under investigation over money movements & laundering related to fentanyl trafficking.
What business group or groups failed what? And did the OCC actually identify any of the problems or were they self identified?
Too many crooked old WF leaders still around that can’t manage risk. Time to show them the door.
I knew this was coming. I’m losing my hair over it, because who the heck gives RISK to a Third World nation I don’t even understand it to be honest!
You can everyone you want A job from Chase, but when you get to the bottom of this, you’re just tanking this company.
We MADE YOU with our work! Good Luck!
Come on. We all know this is not what we want but they RISK to India and it’s just normal, OK and I saw this coming about a year ago! It’s totally not right.
Move RISK back to stateside, so we can manage it. That’s all I’m saying.
You don’t throw RISK to India and think it’s gonna be OK. It’s not OK!
Strategy to hire or bribe the regulators didn’t work. What next?
India is working FRCM MSB cases onboarding and triage alerts. P&P being watered down so it can be deemed successful.
Isn’t that what we have been working on all this time?
lol corporate risk has no controls and they are clueless about it too. They only know administration and petty documentation and just don’t have the skills to think about and manage risk. They are merely a bunch of mediocre middle managers who have taken positions (and $$$,$$$) way way way above their level of competence. In a serious institution they would be have been fired already.