https://www.marketwatch.com/picks/they-continue-to-climb-many-savings-accounts-are-now-paying-upwards-of-4-is-it-time-to-ditch-your-current-bank-01675894460?siteid=yhoof2
Yet another article advising customers to ditch their bank.
I’ve read all the comments about WFC not needing the cash and assets vs liabilities etc, but WFC better wisen up. The truth is that customers aren’t just going to only move their cash and savings accounts elsewhere, they are going to switch financial institutions and move all their business out once we force them to search out much better-run operations which are more customer-friendly and have more up-to-date policies and technology.
Take online trading for example. I would want my cash wherever I’m trading in order to facilitate my activities.
Zero innovation or fresh thinking here at Wells Fargo. C-Suite is either unable are incapable of reading the room. I’ll bet Charlie and the Board still would argue that MySpace was the best.