Pros
- Used to be a close-knitted bank up to Tim Sloan as CEO - Where staff tries to understand each other position and offer helping hand to cross the line
Cons
- External hires who do not have an appreciation of Wells Fargo are tasked with the bank-wide transformation that only works in the US but does not scale internationally - New hires in the US have no understanding of how their international business works, the complexity and myriad of international regulations are - Control or first lines teams behave like second-line rather assisting the business - COO teams that don't see themselves as part of the business - A US centric bank where everything revolves around US including your working hours. Such that you may be working local time for local stakeholders and then have your late night calls, due to timezones, with your US stakeholders