City To Consider Cutting Ties With Wells Fargo Following Phony Account Scandal
SAN FRANCISCO (BCN) San Francisco is set to become the latest city to consider cutting ties with Wells Fargo in the wake of a growing scandal involving the creation of around 2 million phony bank accounts. Supervisors Jane Kim and John Avalos introduced legislation today calling for the city to end its business with Wells Fargo and urging the city attorney and district attorney to investigate the bank's practices. In addition, the legislation calls for the city to consider a "responsible banking…" Read the full storyTo be clear, it's not the scandal that's phony, it's the account.
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