Wells Fargo & Co.’s policies around the firearm industry are being probed by the Texas Attorney General’s office, a potential threat to the bank’s bond underwriting work in the state.
Leslie Brock, chief of the AG’s public finance division, sent a July 26 letter to lawyers who work on bond deals in Texas saying that officials are studying whether Wells Fargo has a practice or policy that “discriminates against a firearm entity or firearm trade association.”
The letter, obtained by Bloomberg News, is the latest salvo in the Lone Star State’s fight with Wall Street over its environmental, ...
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