Chicago Ends Business With Wells Fargo as Fallout Grows

Updated on
  • Measure approved by city council with support from the mayor
  • Decision comes after Illinois, California take similar steps
Photographer: Andrew Harrer/Bloomberg

Chicago is severing business ties with Wells Fargo & Co. for a year after the bank paid penalties to settle claims that employees opened accounts without customers’ consent to meet sales goals.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.