FILE PHOTO: A Wells Fargo ATM machine is shown in Los Angeles, California, U.S. October 19, 2018. REUTERS/Mike Blake/File Photo
The bank first told investors in September that while it retained most customers throughout its scandals, it was having a harder time recruiting new clients. Wells Fargo executives say they are playing the long game, having their teams reach out to prospective clients to build relationships that they hope will pay off down the road.
“At the margin some of them are going to say, Wells Fargo is very good but so is JPMorgan,” he said. “Right now, no one gets fired for hiring JPMorgan.” Pelos, the corporate bank chief, has tried to compensate for the declining revenue by slashing costs. But the 3 percent reductions last year weren’t enough to offset the revenue slide. Though 2018 profit increased, the unit became less efficient. A key metric that measures the cost of one dollar of revenue, increased to 56 percent from 55 percent a year earlier.
The bank still tracks referrals across different parts of the business today, but the company no longer reports them publicly.
So do the white people at the office take up a collection for all the black workers who only make $5 for every $100 dollars white people make. I mean, that's what Elizabeth Warren's been going around saying.
I don’t blame them. I stayed at Wells even after scandal because it’s cumbersome to change. I knew friends who were bankers that did that years before it blew up I thought it was isolated. But I’m not opening my business or mortgage with them.
Remember, when someone asks What Would Jesus Do? Flipping some tables and beating bankers isnt out of the question...
I was not talkingbravo show WreckEm I was actually talking Underground_RT no GONGJINGZHI for if I could go help out with any disaster relief in CA.?Article13 Or anywhere else?
The Bank that robs you!
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