Wells Fargo Customers Report Issues With Online Bank Accounts; Here's Why

Wells Fargo News: Even as the biggest US banks faced the heat due to the closure of California’s Silicon Valley Bank, customers of major bank Wells Fargo reported facing issues in their online bank accounts. This news comes amid fears of liquidity issues stemming out of Silicon Valley Bank crisis spreading to other banks. The bank clarified that the issue was related to a technical glitch and that funds were safe. It appears that the issue is caused due to difficulty in updating bank accounts data.