Regional News

Seattle To Drop Wells Fargo Over Pipeline Funding

(Seattle, WA)  --  It appears the city of Seattle will be finding a new bank to handle its funds.  A committee of the City Council voted unanimously yesterday to remove about three-billion-dollars in city business from Wells Fargo in response to the bank's backing of the Dakota Access Pipeline.  The Council says the aim is to strengthen the city's policies for conducting city business with partners that are committed to fair business practices.  Mayor Ed Murray sent a letter to the bank last October, stating that the city would withdraw from a 100-million-dollar bond it was negotiating through Wells Fargo in light of its opening of accounts without customer knowledge.

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