Illinois to Suspend Wells Fargo From Bond, Investing Work

Disir

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Sep 30, 2011
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Illinois is joining California in suspending Wells Fargo & Co. from handling “billions” of dollars in investment work and the underwriting of state debt after the company admitted to opening potentially millions of bogus customer accounts.

Treasurer Michael Frerichs said in a statement the he will announce details of the ban during a news conference in Chicago on Monday. The suspension includes municipal-bond underwriting, according to Greg Rivara, a spokesman for the treasurer

Illinois to Suspend Wells Fargo From Bond, Investing Work


The article says Oregon is sticking with Wells Fargo but
Oregon State Treasury to press Wells Fargo for major changes

The people can't sue.
Wells Fargo customers won’t be able to sue the bank over fake accounts – The Denver Post

Put 'em in jail. I think this is where we are at.
 

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