Massachusetts Becomes Latest State to Penalize Wells Fargo
- Treasurer pulls bank from list of approved bond underwriters
- California, Illinois and Ohio have suspended firm amid furor
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Massachusetts became the latest state to penalize Wells Fargo & Co. over its bogus accounts scandal by pulling the bank from a list of approved bond underwriters.
Treasurer Deborah Goldberg suspended Wells Fargo for one year effective Monday, said Chandra Allard, a spokeswoman.