Wells Fargo says the issue that caused some customers to have trouble seeing paychecks and direct deposits in their online and mobile banking accounts has been corrected.
A day after the bank suffered a major outage, customers posted on social media early Friday about missing paychecks and overdrafts.
Widespread technical difficulties hit Wells Fargo’s online banking and mobile app Thursday following a power shutdown caused after smoke was detected at a data center in Shoreview, Minnesota.
Economic Collapse News – Possible Bank Runs At Wells Fargo After Shares Plummet
Economic collapse news. There is a possible bank run spreading after Wells Fargo shares fell 2.3% late Thursday as the outages spread. Shares of Wells Fargo & Co. (WFC) fell 0.9% Friday, a day after an outage that disrupted its banking system nationwide on Thursday. It was the second outage to hit the troubled bank in a week. reports are coming in from customers that they are unable to access there accounts as Wells sets withdrawal limits of $100 at ATMs. The question must be asked are the bank runs because of the outages? or are the outages because of the bank runs?
The service outage was the latest issue for the problem-ridden bank. Over the past couple of years, the company admitted to creating fake accounts, hitting customers with unfair mortgage fees and charging people for car insurance they didn’t need. The bank has been sued, slapped with government fines and had its growth restricted by the Federal Reserve.
CNN Business’ Danielle Wiener-Bronner contributed to this report.
http://www.cnn.com/2019/02/08/business/wells-fargo-service-outage-apology/index.html
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