Wells Fargo & Co. WFC, -0.20% faces a that you can think of ban from doing trade in Chicago and all through the state oi Illinois, in step with studies Friday, citing statements from city and state officers. Edward Burke, head of the the Chicago city Council’s finance committee, introduced an ordinance Friday that might ban the town from doing business with Wells Fargo for a minimum of two years, in keeping with reports from CNBC and Reuters. in a similar fashion, Illinois Treasurer Michael Frerichs has scheduled a Monday press convention to announce plans to suspend billions of dollars of investment job with Wells Fargo, in step with reports. Wells Fargo has been under intense scrutiny in Congress lately for its industry practices. Wells Fargo shares rose 0.four% to $ forty four.forty four after hours Friday.
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