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Kanye West, Bank of America Sabbaticals (Why I Think They Are BS), and Bank Getting Sued for Refusing to Cash Slot Winnings Check
Manage episode 341413578 series 2636706
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Hello Everyone.
First off, we briefly discuss Kanye West's statement on CNBC yesterday where he said he is leaving Chase for Bank of America because CEO of Chase Jamie Dimon didn't call him when he made a $140 Million Deposit
Then we get into a very deep story. Bank of America will offer "sabbaticals" of up to 6 weeks to longtime employees to combat burnout. While it sounds good on the surface, I can tell you this is a horrible idea. Sales goals don't prorate, so some of the most stressed out people in retail will have MORE stress when taking leave to COMBAT STRESS. WTF?
I talk about my own struggles with mental health while at BofA.
Check out the article on Bloomberg by Katherine Doherty
Then a weird story. CNN Reports a woman in her 70s was suing Fifth Third Bank for refusing to Negotiate a check she got for hitting a slot jackpot. In the article, the author uses "cash" and "deposit" very loosely, so it is really confusing and doesn't allow for more context, but the lawsuit alleges discrimination based on race. The check in question was for $12,000.
While I think race could have played a factor in this, I think this is more lazy-ass bankers not wanting to do more research to properly help a client more than anything. A simple call to verify would have helped immensely, or even a conversation stating the check would need a couple days to clear, not refusing it outright for fraud and refusing to give it back. I explain in the final segment.
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