Wells Fargo had 233,834 employees at the end of the June quarter compared to 243,674 in the second quarter last year.
The bank has trimmed its mortgage business, which has also seen some layoffs.
In the June quarter, Wells Fargo increased its allowances for credit losses by $949 million to account for potential losses in office loans.
Economist E.J. Antoni reports: “Bank deposits tumbled $70B last week to the lowest level since mid-May; small banks had biggest deposit drain since banking crisis in Mar; deposit level at small banks lowest since Jul, level at large banks lowest since Apr ’21; Treasury borrowing sucking out all the oxygen.”
Bank deposits tumbled $70B last week to the lowest level since mid-May; small banks had biggest deposit drain since banking crisis in Mar; deposit level at small banks lowest since Jul, level at large banks lowest since Apr ’21; Treasury borrowing sucking out all the oxygen… pic.twitter.com/XnAAupwh22
The truth is I’ve been blown away in the past few weeks by the comparison of what we’re doing with this new mission and everything else happening in the world right now.
I’m sure you’ve seen all the headlines.
As I type this, banks are failing…
Banks are being shut down…
Bank Runs are threatening to spread across America…
Big companies are doing mass layoffs…
Tens of thousands at a time, Wave 1, Wave 2, Wave 3, they just keep coming!
All the big names are doing it and no one seems immune: Google, Amazon, Facebook, Walmart, McDonalds, Wells Fargo it’s everywhere!
There’s definitely not a lot of “confidence” or “certainty” anywhere in the system right now.
And yet in the midst of all of that, then I huddle up with my Inner Circle and they’re receiving paychecks!
Life-changing paychecks in many cases.
That’s not my words…
Let me share with you a personal message I received from one person in my Inner Circle.
I’m withholding her name for privacy purposes but she did give me permission to share this.
Read this and try to not let a tear come to your eye as you realize in her own words: “I did not have a Plan B…”
I got that message a few weeks ago but it still pumps me up reading it here again!
And that’s not the only one.
They come in all the time, people so grateful for the opportunity to live THEIR purpose and join our Mission!
Making money and having fun doing it all at the same time.
I’ve redacted some personal information, but check out three messages I just received recently from some good friends in the Inner Circle:
Ok, can I show you just a few more?
Sorry but I’m so proud of these people who have jumped in and changed their lives.
Here are a few more:
Now I have to give my standard disclaimer: RESULTS ARE NOT GUARANTEED. I can’t promise you will do well or earn a ton of money. The only thing I can promise you is the OPPORTUNITY. And those who work hard and put in the effort and have drive and determination have tremendous opportunity here.
No promises, no guarantees in life.
But if you work hard and don’t give up and know how to take life by the horns and dig in?
Then you might just do very well.
But the reality is stuff like this comes in all the time and it pumps me up so much!
Not only is our mission changing lives but the people working with me in the Inner Circle are having THEIR lives changed right along with it.
As I said at the very beginning of this article, this is NOT for everyone, but it might be for you…
….if you’re a high performer…
….if you want to earn a supplemental income working with me…
….and most importantly if you’re a NICE person…..
….if your heart is beating fast right now knowing that everything I’ve typed above and everything in my video above is like it’s speaking DIRECTLY to you.
If that’s you, I want to connect with you.
I can’t make any promises, and I can’t even promise we will have any slots open, but if this speaks to you then I want you to send me your information and someone from my Inner Circle will get back to you if/when we have something open.
UPDATE: As of right now, we are currently FULL with over 200 workers on our Mission. I am still accepting submissions but just understand you will be placed on a Wait List until more opportunities open up. Thank you!
Thanks for reading.
I can’t wait to see who this helps over the next month, 6 months, year or more.
We’re changing lives and I absolutely love it!
This is a Guest Post from our friends over at WLTReport.