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October 4, 2016

Illinois Suspends $30 Billion in Investments with Wells Fargo
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In financial news, the Illinois State Treasury has suspended investing
with Wells Fargo amid a massive scandal at the major Wall Street bank
involving thousands of employees who took private customer information
to create 2 million fake accounts in order to meet sales targets. The
decision affects $30 billion in investments. On Monday, Illinois State
Treasurer Michael Frerichs called Wells Fargo "shameful." Senator
Elizabeth Warren has called for Wells Fargo CEO John Stumpf to resign
and to be criminally investigated.


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