Minneapolis explores ending its Wells Fargo relationship; bank responds

The Minneapolis City Council on Wednesday asked staff to explore ways the city could “stop doing business with financial institutions that invest in the fossil fuel industry and in projects such as the Dakota Access Pipeline,” including Wells Fargo.

The nation’s fourth largest bank, which was founded in the Twin Cities as Northwestern National Bank in 1872, took notice of the council’s action and on Thursday jumped to reaffirm its value to Minneapolis and its investments here.

Read on.

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