Wells Fargo takes shooting concerns to its gun manufacturing clients
Wells Fargo is the US gun industry’s top financier, and has promised to pass on the fears of its employees, investors and others
Wells Fargo is in talks with its gun-making clients to pass on feedback from its employees, investors and others, Wells CEO Timothy Sloan said on Tuesday.
Sloan did not say what Wells Fargo might do, and he declined to name the gun makers, citing client confidentiality. But Wells Fargo is now the latest financial institution to disclose steps it’s taking after last month’s deadly attack on a Florida high school.
“We think that’s the value that we can provide to them,” Sloan said in an interview. “Some of our team members are concerned about who can buy semi-automatic weapons in this country, and they’re concerned about various laws and the like.”
Wells Fargo, the No 3 US bank by assets, is the gun industry’s top financier.
