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Why Did Wells Fargo Shut Down Personal Lines of Credit?


Wells Fargo (NYSE: WFC) recently decided to stop offering personal lines of credit. Why did the bank make this move, and is it unfair to customers? Plus, special-purpose acquisition companies (SPACs) are back in the news after Virgin Galactic's (NYSE: SPCE) successful flight with founder Richard Branson. Plus, Industry Focus: Financials host Jason Moser and Fool.com contributor Matt Frankel discuss what they'll be watching as banks report their earnings later this week. 

To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks. A full transcript follows the video.

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Source Fool.com

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