Thread regarding Wells Fargo & Co. layoffs

It feels unstable - should I move my checking/savings and mortgage somewhere else?

This is a honest question. I am a customer since 1994 and I do not want to be caught in a situation where things are fuzzy due to lack of resources.

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| 906 views | | 2 replies (last July 14, 2020) | Reply
Post ID: @OP+15W6uwn2

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If you have to ask, you should.
But remember in the meantime that the FDIC will cover you up to a certain point, although if the situation is so dire that one of the big banks fails, then currency will lose most meaning.

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Post ID: @jyn+15W6uwn2

Your money is safe. Wells has plenty of liquidity to remain solvent. WF is highly inefficient and gravy train is about to stop. Anyone else telling you otherwise is riding that train.

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Post ID: @ath+15W6uwn2

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