“””””The company’s St. Louis-based subsidiary, Wells Fargo Clearing Services, filed five disclosures with the Financial Industry Regulatory Authority saying that it had fired workers in early May.”””””
What caught my eye is that the banks have to tell ‘Big Brother’ when they fire someone.
No we know why the Federal Government is $35 trillion in debt when there are Fed employees reviewing who got fired at a bank.
There were definitely Federal regulations when I was in I/T in banking in the 1980s.
We had to conform to standards for our programs and procedures (IBM mainframes).
It was also required that each employee be absent from their job for 2 consecutive weeks in a row. Ostensibly, this allowed any fraud that they might be doing to be caught by Internal Audit methods.
I laid down a 366 cell array and decided whether to go 365 or 366 days depending upon a calculation determining if it was a leap year. The array was prepopulated with 0 across the board.
We only worried about calendar years because it had to be fulfilled in a calendar year. I then laid down every bank holiday into the array by converting Gregorian Date to Julian and using that as an index array position to lay down a 1.
Did the same with each employee’s personal days, sick days, vacation days, etc. But it HAD to be 14 consecutive days in a row.
This was done in RPG II on an IBM Sys/36. I used the XFOOT command in RPG II to immediately tally the whole array. A score less than 14 sent the employee’s name and job location to the report immediately. If that was the case, no further processing on that employee was done and I moved on to the next employee.
If they scored 14 or above, I had to cycle through the array to find 14 “1’s” in a row or they had not fulfilled the Federal regulation.
It worked very well and eliminated any chance of not meeting the Federal requirement on employees in regards to that.
My predecessor and immediate mentor upon hiring (I took his job and he went to Systems) gave me the idea but suggested using an “X” - the 1/0 thing hit me right off and worked beautifully.
Ah, the good old days........
“… the banks have to tell ‘Big Brother’ when they fire someone.”
This sounds sort of like bank fraud. I know bank robbery is s federal crime, so I assume bank fraud is, too. I don’t know if non-performance ranks up there with buying a retirement home in Cape Verde with the bank’s money, but they can prosecute a ham sandwich.