The Notorious Banker Rescues $7000 Locally + Wells Fargo Cuts 6400 Jobs and Earns $3 Billion in The Same Quarter + More WF Fines!
The Notorious Banker Rescues $7000 Locally + Wells Fargo Cuts 6400 Jobs and Earns $3 Billion in The Same Quarter + More WF Fines!

The Notorious Banker Rescues $7000 Locally + Wells Fargo Cuts 6400 Jobs and Earns $3 Billion in The Same Quarter + More WF Fines!

Rishi Cholera

62 min
Business & Finance
I-play

Paglalarawan

<p><strong>I first address the big purge of followers we all had on Twiiter after the President was banned from Twitter and how my demographics are impacted!</strong></p> <p><br></p> <p><strong>Yours truly helped someone locally here in Southern NM recover a $7000 check from Bank of America that would be held for 12 days in 12 hours! Bank of America has policies that require you to deposit checks when you don't have enough to cover them, and then when you deposit them, they place holds after they process, screwing you in the process. I exploited loser BofA associates in my neck of the woods in getting help for a man named Chuck. It was exhilarating and I once again prove, I am the best banker out there! :) I explain the policy in the first segment.</strong></p> <p><br></p> <p><strong>We then talk about Wells Fargo's earnings</strong><a href="https://www.charlotteobserver.com/news/business/banking/article248514030.html"><strong> via an Austin Weinstein story in the Charlotte Observer. </strong></a><strong>We talk about how Wells Fargo, despite their scandal, made $3 Billion last quarter. We then discuss how 6400+ people have lost their jobs in Consumer Banking while only a small fraction of that lost their jobs in investment banking or wealth mgt. I then complain about the fact that despite the need to cut costs by sacrificing branches, and tellers inside branches, they added 2500 employees to WF "Corporate"...Wtf?!?!<br> I then talk about a </strong><a href="https://www.cnn.com/2021/01/15/investing/wells-fargo-bank-earnings-scandal/index.html"><strong>weird CNN Business article</strong></a><strong> that came out during earnings which had a hard-on about Q4 Refunds to customers which were $300 million plus, and somehow tied it to the "Unauthorized Account Scandal" and not oh, say...the pandemic? It's a weird article meant to scare housewives. Takes a couple cheap shots, even though they are warranted.</strong></p> <p><br></p> <p><a href="https://www08.wellsfargomedia.com/assets/pdf/about/investor-relations/earning

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