 What's all this rebranding cr@p? |
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 Is it illegal for a company to not inform their employees if their cost of living allowance is going down? |
| Last year we recieved 8% and this year with no warning our paychecks reflected a lower % allowance. We received notification from our managers about a week later. Can HR do this withour prior ... |
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 How to be a good sales representative? |
| im working as sales officer in a trading business and we're selling imported vehicles from US and Japan.... |
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 Many interviews they ask, y u leave form the current company? |
| or y u leave form the first working company? How can i answer this question? plz rely to my id.... |
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 Heard of eDatajob.Com? |
| I was wondering if any of you out there had heard of this lot at http://www.edatajob.com/ - basically a 'work-at-home' deal that, on the face of it looks quite genuine, and not like a lot ... |
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 Are hot topic and Hollister, or Abercrombie and fitch owned by the same people? |
| I was just trying to figure out if Hot Topic and Hollister or is it Abercrombie and Fitch that is owned by the same people?... |
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 Why is it that corporations focus on cutting costs than improving productivity? |
| I was just reading a book on economics the other day (don't ask me why, very bored) and came to a section on improving productivity in the workplace. One of the main points was to keep wages ... |
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 How accurate is the estimated delivery time from FedEx? |
Personal experience preferred.
Additional Details
Well sometimes the question isn't getting that much attention. So i reposted it and changed my wording to make it more....."... |
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 Anyone working as a Manager or in HR? |
What you think?
I went on a interview on Jan 15 and she said she will let me know by next week. Since they will be doing interview and she was like who ever can't come on the week 14 they ... |
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 If a company laid you off so they could make more profit by moving work to a slave labour workforce? |
e.g. India china indonesia .
And the owners child went missing woul;d you help in the search ?would you donate time money to helpWould you wish the family misery like they caused your family .... |
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thrasher4984 | Are my deposits with Wachovia safe with the Wells Fargo deal? |
My fiance and I have a pretty large amount of money in an account with Wachovia. Its very important because this is going to be used towards a down payment on our first home. When Wachovia was originally going to be bought by Citigroup, the FDIC was involved and obviously depositors money was insured. I'm not really sure what is going to happen now that Wells Fargo is buying Wachovia and the FDIC isn't involved. Is Wachovia depositors money safe?? I'm not sure how this all works, I'm not super knowledgable in this area. Any help would be appreciated, thanks. |
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camerainvestment
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spread your money two more than one bank |
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kbo
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I actually work at one of the 10 wells fargo phone banks and we had a lot of people calling in about this today.. your money is going to be in the safest spot it can be right now. The FDIC is still going to be involved in insuring funds..but on the news what theyre talking about is when Citigroup attempted to buy Wachovia, Citi needed additional help to put up a bid. WF's bid was on their own, and a lot was from the stock. Even before Wachovia put themselves up for bid, WF is the strongest bank out there and they'll pull out of this in better shape. WF is also the ONLY triple-A rated bank out there, which is your best rating. I can promise you, your money will be safe. |
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Andrea G
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I also work for Wells Fargo, and agree with the above reply. Your money could not be safer right now. The reason why the FDIC is not involved in the transaction is because Wells Fargo is so strong that they do not need money from the government to merge with Wachovia. They are still, however, FDIC insured, and with the new bill passed, the FDIC is now temporarily insuring for $250,000 instead of the regular $100,00. That is also per person on the acct, so if your acct is with your fiance, then the insurance doubles. Wells Fargo was also just named safest bank in the United States besides also being the only AAA rated bank in the country. |
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NHMike
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The FDIC insures deposits of up to $100,000 per individual, per bank for savings/checking accounts, $250,000 per individual per bank for 'retirement' accounts. Just because the FDIC is not 'involved' in the Wells/Wachovia deal does not mean that your accounts are not covered by FDIC, they are. Wachovia is being taken over, it is not being liquidated, so all deposits (even those over the FDIC limits) will be safe (and insured). |
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Jackson J
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Sorry, both other answers are wrong.
To the guy that wants you to spread out your money: Why? That is so stupid. If you just choose a financially sound bank like Wells Fargo or US Bancorp, you don't have to worry like you do when you bank with a struggling bank.
FDIC fact guy: Actually, under new legislation in place, the FDIC protects each acct holder up to $250,000- on checking, savings, money market, cds, etc., not just retirement accounts.
Answer to the original question:
You should worry more about your money being safe under the Citi deal. Citi is still not financially sound. Wells Fargo is the highest-rated bank in the United States and is able to purchase Wachovia for a larger price and protect accountholders from interference from the government. And the coverage of the FDIC won't change, regardless of who ultimately lands your account. |
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