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California Imposes Sweeping Sanctions On Wells Fargo Amid Scandal

California's state treasurer has announced he is suspending major parts of the state's business relationship with Wells Fargo because of a scandal involving unauthorized customer accounts.
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California Suspends `Business Relationships' With Wells Fargo

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California, the nation's largest issuer of municipal bonds, is barring Wells Fargo & Co. from underwriting state debt and handling its banking transactions after the company admitted to opening potentially millions of bogus customer...

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California Treasurer suspends key banking relationships with Wells Fargo.        

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The state is cutting ties with the bank for a year, following a scandal involving fake accounts.

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The state will drop several relationships with the bank, which is enmeshed in a scandal over the creation of millions of unauthorized accounts.

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California's state treasurer announced Wednesday he has temporarily severed some business relationships with Wells Fargo & Co. over revelations that the bank created millions of accounts without customers' permission. Treasurer John...

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