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Wells Fargo tied to gunmakers - Bloomberg

Published 03/07/2018, 10:07 AM
© Reuters.  Wells Fargo tied to gunmakers - Bloomberg
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  • The pressure isn't letting up on Wells Fargo (NYSE:WFC). Bloomberg did some digging, and found the bank is at the top of the list for arranging financing for gunmakers since the Dec. 2012 Newtown, CT school shooting.
  • Bloomberg also finds the NRA has a line of credit and checking accounts with Wells.
  • "Our company believes the best way to make progress on these issues is through the political and legislative process," says the bank in a statement.
  • Morgan Stanley (NYSE:MS), TD Securities (NYSE:TD), BofA (NYSE:BAC), JPMorgan (NYSE:JPM), U.S. Bancorp (NYSE:USB), BB&T (NYSE:BBT), Regions Financial (NYSE:RF), and PNC Financial (NYSE:PNC) also make the list of those arranging lending for gunmakers.
  • Now read: TD Bank: Doubling My Dividend Yield On Cost


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