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San Francisco — Wells Fargo's hometown — might ditch the bank (WFC)

San Francisco may be dropping Wells Fargo for city business after its settlement with regulators over the opening of 2 million accounts in the name of customers without their knowledge between 2011 and 2015. The hit may be particularly symbolic, however, given that Wells is headquartered in San Francisco and the first Wells location opened in the city in 1852 when it provided banking services to prospectors during the gold rush.
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