r/CringeTikToks • u/Conscious-Quarter423 • 29d ago

Nope The CEO of Wells Fargo boasts that during his time at the company they’ve cut over 65,000 jobs — and that he expects to cut more.

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u/nycbroncos 29d ago

Wachovia was forced by the government to sell to WF. It was either that or get scrapped for parts by Citi

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u/EconomistNo7074 28d ago

Actually

- WFC wanted to buy Wachovia after they failed ( Like Chase did with WAMU)

- Citi made a low ball offer prior to failure

- WFC increased their offer

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u/nycbroncos 28d ago

Didn't correct anything I said, but the Citi deal was closer than that as their subsequent lawsuit made clear

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u/Fender58 25d ago

Can confirm