Illinois state treasurer Michael Frerichs said Monday that his office will suspend investment activity with Wells Fargo in light of the bank’s ongoing fraud scandal and investigation, USA Today reports. “Wells Fargo is a big financial player in Illinois, and I hope to send the message that their unscrupulous practices are not welcomed and will not […]
Second state takes action against bank for opening up to 2 million bogus accounts as controversy over the fraud continues
Wells Fargo stands to lose another big business customer: the state of Illinois.
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 se...
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.