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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
Updated on

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.