Wells Fargo? Expanding IB

Obviously has to room to grow, they just need to handle their asset cap / regulatory issues first before substantially growing their IB business. 

As a top BB in the investment banking field I think it makes sense to lean into their competitive advantage. To the moon!

Bump

Top MDs aren't going to touch that dumpster fire unless they overpay. Until that happens, I wouldn't count on WF emerging seriously for many years, particularly on the M&A side.

Yes. Will it take some time? 100%. But you are seeing signs of the expansion internally already.

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Outside of a ton of uninformed statements above, their new office at HY is seriously sick af.

WF will never get talent or respect from top candidates if they continue with their wonky placement process. Why would any Wharton kid sign with WF when there's a chance they get placed in Charlotte, without the pay or exits to compensate for it?

The truth of the matter is that they need to fix the placement stuff. If you search around here/the internet it's extremely prevalent. My friend's little brother is not in a great situation there (not the office he wanted and even worse not even in IB really). People are aware of this and I would imagine lose talent because of it.

Saying it's fine isn't helping matters. They need to run the same process that other banks do. Can everyone get M&A? No...should everyone get to work in the state they want to work in? Yes. To solve that you run separate processes by office.