At the State House, officials with Wells Fargo announced they’ll provide up to $60 million to support the national expansion of a nonprofit group called Concordance — a group which aims to reduce repeat criminal offenses by providing inmates an opportunity to heal before fully re-entering society.
Consumer banking giant Wells Fargo is being ordered to pay $3.7 billion in fines and refunds to customers by U.S. government regulators, the largest fine to date against the bank
To help small businesses recover from COVID-19, nearly $3 million in grants are going to help minority-owned businesses in South Carolina. These grants are from Wells Fargo’s ‘Open for Business Fund’ program.
Consumer News: Wells Fargo ends personal lines of credit, Morgan Stanley hit by data breach this year and more.
Wells Fargo is setting a goal of net-zero greenhouse gas emissions, including from the companies and projects it finances, by 2050. The move follows suit with a long list of banks that have aligned their financial activities to the Paris Climate Accord, including Goldman Sachs and Citigroup.
Food insecurity is on the rise this year due to the COVID-19 pandemic, but thanks to a generous donation from Wells Fargo, many local families in need will now have holiday meals on the table.
