@myst4au wrote:
I got on the plane, as did about 1/3 of the passengers,
The time to have been worried about Wells Fargo was two (?) years ago, but of course we didn't know. Right now, and the foreseeable future, Wells Fargo will be watched and scrutinized like no other bank in the world. I have Wells Fargo accounts. I plan on opening as many more as the MSC will permit. I will sleep very peacefully while the rest of you presumably have to worry about the "next" bank to have a problem. All I know is that it won't be Wells Fargo.
\@Flash wrote:
First, I tend to agree that $40 to open and hold open account with potential fees for a few months is not really reasonable under the best of circumstances. I do have accounts with this bank already and they were offering an opportunity to add additional relationships, which would not have incurred fee for me, but still for $40 I was not interested in the hoops to jump through.
Second, the shops are only relatively recent. The court proceedings and fines are from prosecutions that would have started a significant amount of time--likely years--ago. The cancellation of shops may be due to cost cutting at WF, though even a sizable fine such as that should not be particularly detrimental to WF. Generally contracts are broken by mutual consent or in bankruptcy. WF is certainly not going to be in bankruptcy.