Banking

An overview of the Silicon Valley Bank collapse

Silicon Valley Bank (SVB) was a bank that provided banking services to many technology companies. It recently experienced a bank run, which is when a large number of customers withdraw their deposits simultaneously. The SVB bank run was likely due…

Wells Fargo missing direct deposit issue resolved

Wells Fargo has restored customers’ access to their direct deposits that went missing. The issue for some customers started on Friday morning when their direct deposits disappeared. In my case, a direct deposit that was pending on Thursday had disappeared…

Why Wells Fargo might promptly close your new account

So, Wells Fargo will open accounts for you without your permission or knowledge, but they’ll close accounts that you voluntarily open. Obligatory Wells Fargo scandal joke out of the way. When applying for an account with Wells Fargo, you’ll want…