Wells Fargo materials (website 10.24.2016) (1)
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State & Local Actions Connected to Wells Fargo
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OH14-Oct-16Barred from participating in future state debt offerings and financial services contracts initiated by state agenciesKasich Opposes Wells Fargo's Participation in State Financial Work
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MA18-Oct-16Banned from underwriting the Massachusetts' main bond issues for one year / pulled from list of approved underwritersMass. Treasurer will Remove Wells Fargo from List of Approved Debt Underwriters
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CASan Francisco18-Oct-16Resolution to cut business ties with Wells FargoSan Francisco Resolution Directs City to Cut Business Ties with Wells Fargo After Fraudulent Accounts
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WASeattle7-Oct-16Dropping Wells Fargo as lender for $100 million bond financing for Seattle City LightSeattle drop Wells Fargo from Bond Deal to Protest Bank Fraud
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ILChicago5-Oct-16Banned from providing financial services for Chicago for one year (including bond underwriting, brokerage, trustee services)Chicago Suspends Wells Fargo from City Business for a Year
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PAPhiladelphia4-Oct-16City Councilwoman Cindy Bass of the Philadelphia City Council last week introduced a resolution calling for the city to cut business ties to Wells Fargo, but no actions have been taken yetCouncilwoman Bass Urges City to Pull Money from Wells Fargo
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NYNew York City28-Sep-16NYC Mayor and Comptroller threatening to reexamine their business relationships and investments with Wells Fargo unless the Board completes its investigation quickly and holds senior management responsibleStatement from Mayor de Blasio and Comptroller Stringer on Wells Fargo
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AZ3-Oct-16State Treasurer announced that Arizona is assessing its relationship with Wells Fargo, according to State TreasurerJeff DeWitt: Arizona 'Assessing its Relationship' with Wells Fargo
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MD3-Oct-16Maryland’s State Treasurer is looking into transactions with Wells FargoCould Maryland be Cutting Ties with Wells Fargo over Scandal?
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NY11-Oct-16NYDFS announced it will issue "new guidance" designed to restrict incentive pay for bank employeesWells Fargo Fallout: New York Places Restrictions on Incentives for Bank Employees
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IL3-Oct-16Suspended investment activity with Wells Faro for one year, worth approx. $30 billionState Nixes Business with Wells Fargo After Fraud Uncovered
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CASacramento11-Oct-16City Treasurer seeking to cut ties with Wells Fargo, eventually divesting approximately $30 million in businessSacramento Cutting Ties with Wells Fargo after Fraudulent Account Scandal
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CA28-Sep-16Suspended all official dealings with Wells Fargo for one year (includes no investments by Treasurer's Office in Wells Fargo securities, not using Wells Fargo as broker-dealer, and not employing Wells Faro as managing underwriter for state bonds)California's Sanctions Against Wells Fargo
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CA19-Oct-16California's attorney general beings criminal investigation into whether employees stole customers' identities in the sales practices scandalAttorney General Leads Criminal Probe of Wells Fargo Bank
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CASan Francisco23-Sep-16Removed from San Fransico's Bank On program, which helps low-income people or those with credit problems open checking and savings accountsWells Fargo Booted from S.F. Program
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