image credit: Unsplash

Pennsylvania county looks to divest $145M in assets from Wells Fargo

July 22, 2022


Citi may have been the first big bank to take a public stance on abortion support for employees. But several others, such as Bank of America, JPMorgan Chase, Goldman Sachs and Wells Fargo followed suit shortly after the Supreme Court overturned Roe v. Wade in June.

At the same time, abortion is not the only issue that has spurred officials to propose barring some financial institutions from accessing government money. West Virginia State Treasurer Riley Moore alerted BlackRock, Wells Fargo, JPMorgan Chase, Morgan Stanley, Goldman Sachs and U.S. Bank that they would be restricted from access to state contracts over perceived lending discrimination against the fossil-fuel industry. West Virginia ranks as the nation’s second-leading coal-producing state.

Read More on Banking Dive