Things keep getting better for big US banks! They've already hit record high profits this year, and will soon get $5 billion more a year, courtesy of the federal government. Banks no longer have to pay into an FDIC insurance program that was depleted after the 2008 financial crisis.
What are your thoughts? Have frontline workers seen any of the benefits to these new profits and gains? #Betterbanks buff.ly/2QwTkwC
Big U.S. Banks Get to Keep $5 Billion More a Year Thanks to FDIC
bloomberg.com
Big U.S. banks that are already smashing profit records will soon get a $5 billion windfall, courtesy of the federal government.Foreclosures can be extremely painful events. Wells Fargo customers affected by the accidental foreclosures are sharing their stories. Eva Reiner's family lost their beloved 6-acre property in South Carolina, had to move their special needs son into an apartment, give up three dogs and forfeit the equity they had built up in the house. Imagine finding out years later that it was all a big mistake. "We were desperate. I begged them for help."
What are your thoughts? #BetterBanks
'I begged them for help': Wells Fargo foreclosure nightmare
cnn.com
Jeff and Eva Reiner are among hundreds of homeowners that Wells Fargo foreclosed on due to a glitch.
Break up Wells Fargo.... put executives in jail
Don't kid yourselves. ALL the BIG Banks are guilty of doing this. The only difference is Wells Fargo did not hide it as well as they did and they got caught.
Sorry I hear that. The only ones they’re trying to help is themselves. Siphoning your money and other assets out of your possession into theirs.
And they are working to correcting the issue and then some. Lets stop drinking the kook aid folks- nobody said the banks were gods.
#banktellerproblems 😅
Courtney Catalino Jamie Worthington-Timmer Martha LaNasa Brittany Poulin
Fill it up for them, because Bank will pay someone to call customers and rank your behavior from 1 to 10. Then they pay someone else to analyze the data. Then they will hire a coach to help you change your perspective on abuse from Customers. But Bank will not pay you descent wages. That is funny.
For $15 an hour you need to fill it out, if you don't fill it out, the ATM will do it for them for free. More ATM's with more options and less tellers. Choose your battles wisely.
Nicole Wagner Cristi Porter
Jessica Stoker Jessie Corbitt Lindsay Ridley
Laura Bolerin Marisol Carrasquillo R Uthy Var Mir 😂😂
Least of my worries
Uncle Joe you would do it for me.
Thank goodness for the banks that have gone slip-free
Gisela Blancas
Wells Fargo fired about three dozen district managers for oversight failures relating to the sales-practic scandal. This was done in an effort to reassure regulators it is fixing problems that emerged following the scandal.
What are your thoughts? Is this a step in the right direction? Is Wells Fargo doing enough to fix its problems? #BetterBanks buff.ly/2GczmSX
Wells Fargo Firing Dozens of Regional Managers in Retail-Bank Cleanup
wsj.com
Wells Fargo is firing around three dozen district managers for oversight failures related to a sales scandal that erupted in its retail bank more than two years ago.
Covering their ass. Wells Fargo is so micro managed its impossible that all the people at the upper levels didn’t know what was going on. They were actually encouraging it. Each branch also knew the exact day the auditors were coming every year for their annual audit and had extra help prior to, getting them ready to pass audit. You tell me that’s not suspect. Also, they use sabotage and lying Tactics in order to terminate honest hard working, ethical employees. I would know. I was one of them. At least that’s what my Finra investigation determined.
So ridiculous, the DM’s shouldn’t be fired. They were doing what they were told to do by corporate and if they didn’t they would get fired. Corporate should be fired.
Upper management knew exactly what was going on. Wells Fargo has been a joke
And when will Wells Fargo be held accountable for firing Tellers who were only doing what they were told to do?? They turned a blind eye to those really responsible and even gave out promotions and transfers to hide the managers and bankers that were guilty!!
I worked for this slimy company for less than 90 days - they really took advantage of customers and honestly the government in my opinion needs to shut them down
I know a few that should be fired
No cz orders where followed by Carrie Tolstedt community banking division
Haha! I’m sure the DM’s were following corporate instructions on policy! Makes no sense to fire those who enforce corporate policy. It’s the executives who created this policy and culture who need to be fired. DM’s in this case are purely scapegoats.
They should look into the call centers too
Kelda Stephan
Sherry Ouimet Torrano 🤔🤔🤔
Yes.
Sounds a lot like when the CIA strands a field office and lets operatives get killed, rather than have senior officers implicated. Oh wait, that doesn’t happen either, right?
Sara
I couldn’t read the full article! Does it list the names
Jenny Chan andre lol
Tina Dickerson
2 years later? Really?
Bank local.
They should have done this a decade ago. Wells Fargo always protected their managers no matter how scandalous and unfit they were for the position.
Johana Ramos
Gumma Battulga
OH BIG SURPRISE! WELLS FARGO IN THE NEWS AGAIN. SO FAR 2 DAYS THIS WEEK
Count the number of people the those DM’s fired... Did they deserve it? It should have happened years ago.
Angela, did they fire Pernell yet?? He is a weasel!
The Federal Reserve has rejected Wells Fargo plan to prevent further consumer abuses and told the bank it still needs stronger checks on management. The bank must have a better plan to improve its governance and risk management before the Fed will lift the growth restrictions it has imposed on the bank.
What are your thoughts? What changes need to happen at Wells Fargo before the restrictions should be lifted? #BetterBanks
Wells Fargo reform plans fail to satisfy Fed after scandals: sources
reuters.com
The Federal Reserve has rejected Wells Fargo & Co's plans to prevent furthe...
They are obviously too big.... and they've failed even after the '08 bail out. Enough is enough. They continue to abuse the public. No more growth..... ever! A bank monopoly is not what this country needs
Wells Fargo will be the root cause of the next recession
They a joke
Good lol
A tiger never changes it's stripes, I guess
In the news once again.
Kelda Stephan
Wendy Kramer