Chicago, October 10 (RHC)-- In the U.S. state of Illinois, the State Treasury has suspended investing with Wells Fargo amid a massive scandal at the major Wall Street bank involving thousands of employees who took private customer information to create two million fake accounts in order to meet sales targets. The decision affects $30 billion in investments.
Illinois State Treasurer Michael Frerichs called Wells Fargo "shameful." Senator Elizabeth Warren has called for Wells Fargo CEO John Stumpf to resign and to be criminally investigated.
U.S. State of Illinois Suspends $30 Billion in Investments with Wells Fargo
Related Articles
Commentaries
MAKE A COMMENT
All fields required
Now Playing
Sonido Cubano
Next Program
- Desde Mi Habana
- Cartas a la Redacción
- Cancionero Iberoamericano
More Views
- Granma seeks alternatives to continue classes in earthquake-affected centers, with teachers offering their homes
- Annual solidarity conference of National Network on Cuba underway in U.S. city of Detroit, Michigan
- World Bank reports Israel’s aggression inflicts $8.5 billion in economic losses on Lebanon
- Cuba denounces and warns of indiscriminate Israeli attacks in Damascus and Beirut, including near Cuba's diplomatic headquarters
- Africa: International conference in Niger supports anti-imperialist struggle of Sahelian peoples