Seattle might break ties with Wells Fargo over bank’s Standing Rock investments

Seattle’s political leaders are looking to shake free of Wells Fargo in protest of the bank’s financing of the Dakota Access Pipeline project that threatens to foul the water supply and sacred lands of North Dakota’s Standing Rock Sioux.

The city will be stuck with the megabank for at least another year. But under legislation introduced Monday by Councilwoman Kshama Sawant, it would take its business elsewhere once Wells Fargo’s current contract to manage $3 billion in city funds expires next December.

Source: Seattle might break ties with Wells Fargo over bank’s Standing Rock investments

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