New York wants to cut ties with disgraced Wells Fargo

New York to Wells Fargo: fuhgeddaboudit!

New York City is the latest state or city to consider cutting business ties with the embattled San Francisco banking giant in the wake of a sham-accounts scandal that exploded in September, The Post has learned.

Wells Fargo inked a contract with New York’s Department of Finance earlier this year to process credit-card transactions.

The deal runs from July 1 to June 30, 2021.

Wells Fargo will pocket $1.3 million a year under the deal, according to a copy of the paperwork obtained by The Post.

Read on.

Advertisements

One response to “New York wants to cut ties with disgraced Wells Fargo

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s