California Suspends Ties With Wells Fargo

Started by walkstall, September 29, 2016, 01:25:13 PM

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walkstall



snip~
The state treasurer, John Chiang, said he was suspending Wells Fargo's "most highly profitable business relationships" with the state for at least a year, including the lucrative business of underwriting certain California municipal bonds.

On Tuesday alone, he said, he had pulled Wells Fargo off two large municipal bond deals.


more @
http://www.nytimes.com/2016/09/29/business/dealbook/california-wells-fargo-john-stumpf.html?_r=0
A politician thinks of the next election. A statesman, of the next generation.- James Freeman Clarke

Always remember "Feelings Aren't Facts."

supsalemgr

I banked with Wachovia for years here in NC. Wells Fargo bought them and I immediately saw the change in culture. It became quite irritating having the tellers trying to sell other services with each interaction. It was clear these people were not comfortable in a sales environment. I must say those tactics have diminished recently.
"If you can't run with the big dawgs, stay on the porch!"