Apparently there will be "massive" cuts, in the range of forty percent, beginning today and lasting through the week for legacy Wachovia employees in LevFin, M&A, DCM, IB, etc.
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Posted by guest , Apr 23, 2009 8:44AM
WACHOVIOWNED
Posted by guest , Apr 23, 2009 9:24AM
Only a matter of time, everyone I know at Wachovia/WF has been expecting it since the merger. I'm surprised they waited even this long.
Posted by guest , Apr 23, 2009 9:52AM
Where are the people who are being laid off? NC or CA or both?
Posted by guest , Apr 23, 2009 10:40AM
"LevFin, M&A, DCM, IB"
Wach and WF had these departments? What for? Did they do any deals of any note, ever?
Posted by miami , Apr 23, 2009 10:53AM
Every cloud has a silver lining, now those guys can reach their full potential as ditchdiggers, NFLX sorters, or street criers.
Posted by Gordon Ghetto , Apr 23, 2009 11:08AM
Did Wachovia ban DB? Not many comments.
Posted by guest , Apr 23, 2009 11:47AM
Wow,is it just me, or does absolutey no one care? There aren't even any comments about being inbred in the South ...
Posted by guest , Apr 23, 2009 11:48AM
Wow, is it just me or does absolutely no one care. There aren't even comments about them being inbred, or stupid southern hicks ...
Posted by guest , Apr 23, 2009 12:03PM
Yes Wachovia did ban DB
Posted by guest , Apr 23, 2009 12:09PM
see story early about 1st year analysts and marshmallows to know why a ban may have happened
Posted by guest , Apr 23, 2009 2:55PM
@10- that's not why they banned DB. The marshmallow thing was back in the summer. The ban came a day after DB wrote about the analyst who did the cat food eating contest.
Posted by guest , Apr 23, 2009 5:42PM
Here comes the Wells Fargo wagon to fire everyone.
Posted by guest , Apr 23, 2009 8:50PM
there are not enough people left in banking at WB/WFC to comment here
Posted by guest , Apr 23, 2009 8:52PM
I work for legacy wachovia i-banking, and we did had DB, until wells fargo banned it post-merger..
Posted by guest , Apr 24, 2009 8:26AM
Any updates on numbers?