Mayor Bill de Blasio and Comptroller Scott Stringer said Wednesday they will vote as members of the city's Banking Commission to bar city agencies from renewing or expanding existing contracts with the bank. Wells currently holds $227 million in city deposits.
May 31, 2017 at 04:01 PM
1 minute read
New York City is cutting back its ties with Wells Fargo, making it the latest major city or state government to suspend its business relationship with the bank following its sales practices scandal.
Mayor Bill de Blasio and Comptroller Scott Stringer said Wednesday they will vote as members of the city’s Banking Commission to bar city agencies from renewing or expanding existing contracts with the bank. Wells currently holds $227 million in city deposits.
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