Ohio joins states to bar Wells Fargo from state businessStaff Writer |
Banking Governor John Kasich announced:
Ohio joined a growing list of municipalities to suspend business relationships with Wells Fargo & Co over a scandal involving as many as two million bogus accounts.
"While Wells Fargo only does limited retail banking in Ohio, it does regularly seek state bond business so I have instructed my Administration to seek services from other banks instead, and I'll cast my votes against Wells Fargo on the Public Facilities Commission," Kasich said in a statement.
"This company has lost the right to do business with the State of Ohio because its actions have cost it the public's confidence," he added. ■
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