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Illinois, following California, sanctions Wells Fargo over accounts scandal

Less than a week after California suspended doing some business with Wells Fargo & Co. over its fake accounts scandal, Illinois is following suit.  State Treasurer Michael Frerichs announced Monday that his office will not buy or sell securities through Wells Fargo, echoing similar sanctions made...
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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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Wells Fargo stands to lose another big business customer: the state of Illinois.        

Illinois expected to suspend business with Wells Fargo

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Wells Fargo stands to lose another big business customer: the state of Illinois. Illinois Treasurer Michael Frerichs is expected to announce that the state will suspend its investment business.        

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