Berkeley City Council may consider dropping Wells Fargo, again

At its meeting tonight, the Berkeley City Council will consider the implications of severing ties with Wells Fargo, the megabank that has been ensnarled in controversy over both its business practices and investment in the Dakota Access Pipeline.

A Finance Department report on the agenda tonight says it is “necessary” for the city to continue banking with Wells Fargo for the next three years as staff consider other options, but suggests individual services that could be switched over to another provider in the meantime.

Read on.

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