Seattle cuts ties with Wells Fargo over controversial oil pipeline, etc.

Seattle cuts ties with Wells Fargo over controversial oil pipeline, etc.

CALL TO ACTION: MASS BANK EXIT seattle city council has joined the fight against the Dakota Access Pipeline, voting unanimously to end its contract with a bank funding the project. The ordinance, approved Tuesday, instructs the city to cut ties with Wells Fargo when its contract expires in 2018. The bank manages the city’s.

Seattle announced it will cut ties with Wells Fargo as soon as its contract ends in 2018, and is taking bids for the bank’s replacement.. ties with Wells Fargo over controversial oil pipeline.

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The seattle city council voted 9-0 Tuesday to cut banking ties with Wells Fargo because of the bank’s role as a lender to the Dakota Access Pipeline project.. with Wells Fargo over Dakota.

Wells Fargo will pay a separate $35 million penalty to the Office of the Comptroller of the Currency. Additionally, Wells Fargo said it terminated approximately 5,300 employees and managers over a five-year period for their involvement with the unauthorized accounts.

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Seattle’s break-up with Wells Fargo was mostly driven by anger over the bank’s role as one of more than a dozen lenders helping to finance the controversial Dakota Access Pipeline. The oil.

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San Francisco supervisors to push for city and county to cut ties with Wells fargo seattle cuts ties with Wells Fargo over controversial oil pipeline, etc. Ben Lane is the Editor for HousingWire.

The Seattle City Council on Tuesday voted to cut ties with banking giant Wells Fargo over its role as a lender to the Dakota Access pipeline project as well as other business practices.

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SEATTLE (AP) – The Seattle City Council on Tuesday voted to cut ties with banking giant Wells Fargo over its role as a lender to the Dakota Access pipeline project as well as other business practices. The crowd erupted in cheers and chanted "water is life" when the council unanimously passed the measure, which directs officials to end the city’s contract with the San Francisco-based bank.

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