11–20 of 213 posts
Assume every single branch is staffed by no fewer than 20 people. That gets you to ~20k employees to run all brick & mortar retail ops.
What the hell are the other 180k employees doing? That's still more than all of Google today.
Disaster long in the making. The worst performing big bank of the last decade. Stock still ~90% below its 2007 peak, and been flat for last 10 years.
16 years ago I told them that making me whole wasn't enough - since they called me a liar in writing they needed to provide an apology in writing. And I wouldn't do business with them until that happened. Still waiting, and still not doing business with them.
Even with 947 branches I don't understand how you wind up with 200k employees. Assume every single branch is staffed by no fewer than 20 people. That gets you to ~20k employees to run all brick & mortar retail ops. What the hell are the other 180k employees doing? That's still more than all of Google today.
Even with 947 branches I don't understand how you wind up with 200k employees. Assume every single branch is staffed by no fewer than 20 people. That gets you to ~20k employees to run all brick & mortar retail ops. What the hell are the other 180k employees doing? That's still more than all of Google today.
Even with 947 branches I don't understand how you wind up with 200k employees. Assume every single branch is staffed by no fewer than 20 people. That gets you to ~20k employees to run all brick & mortar retail ops. What the hell are the other 180k employees doing? That's still more than all of Google today.
Even with 947 branches I don't understand how you wind up with 200k employees. Assume every single branch is staffed by no fewer than 20 people. That gets you to ~20k employees to run all brick & mortar retail ops. What the hell are the other 180k employees doing? That's still more than all of Google today.
"by the end of 2026"
Disaster long in the making. The worst performing big bank of the last decade. Stock still ~90% below its 2007 peak, and been flat for last 10 years.
In America. The gap between JPM and Citi is incredible. Part of JPM's success is that it has basically been deemed "America's Bank" by the government, but the mismanagement at Citi is tangible too.
C & BAC are complete basket cases by comparison.
Great brand, but I'd never work there...
Even with 947 branches I don't understand how you wind up with 200k employees. Assume every single branch is staffed by no fewer than 20 people. That gets you to ~20k employees to run all brick & mortar retail ops. What the hell are the other 180k employees doing? That's still more than all of Google today.
Citi used (And maybe still are not sure) to be the biggest retail bank in the world. I'm not sure how exactly that was quantified but I'd assume its related too phsyical footprint. If thats the case I could see mid and back office functions ballooning
While there are probably many factors, you cant be that comparatively bad for a competitive and fungible service -- and expect no business consequences.