Wells Surprisingly Closes Every Existing Personal Credit Line, Signaling US Economy Stands On The Precipice

Wells Fargo has announced that it would close down every of its active personal line of credit – a famous credit product provided by the retail-concentrated Wall Street titan – a development that will likely anger many customers. The revolving personal credit lines will be closed down in a couple of weeks, and the lines […]

Continue Reading

WFC Short Idea – Paradigm shift in global banking

Crediblock.com LLC – Second Sight Markets Analysis 7/8/2020 — The global banking system is ripe for disruption.  As we have explained in Splitting Pennies the book – the Fedwire system currently in use today in the United States to make wire payments was made in 1937.  Banks are in need of a technology upgrade and strangely have […]

Continue Reading