Portfolio Category: news

LA City Council Unanimously Votes to Divest from Wells Fargo - On June 27, the Los Angeles City Council unanimously voted to divest $40 million from the city’s security investment portfolio with Wells Fargo. After four months of persistent public pressure from Divest LA, Indigenous Peoples, and supporters insisting upon the creation of new ethical…

Encouraged by Indigenous Peoples and Divest LA, city council votes to divest $40 million from Wells Fargo - The Los Angeles City Council unanimously voted 14-0 to began the process to divest $40 million from the city’s security investment portfolio with Wells Fargo. After four months of persistent public pressure from Divest LA, Indigenous Peoples…

L.A. Votes to Divest $40 Million from Wells Fargo - Los Angeles, CA – Today, the Los Angeles city council voted to divest $40 million from Wells Fargo due to their financial backing of the Dakota Access Pipeline. The group Divest LA has worked tirelessly to pressure the city council to divest. The following statement…

L.A. City Council discusses divestiture from Wells Fargo - Citing Wells Fargo’s involvement in the Dakota Access Pipeline and its recent account-opening scandal, the Los Angeles City Council took another step toward divesting the city from the bank on Tuesday. “It’s time for us to endeavor to only do business with ethical financial institutions that…

L.A. City Council Moves Toward Divesting From Wells Fargo - The Los Angeles City Council took a step Tuesday toward divesting city funds from Wells Fargo over the bank's fake accounts scandal and its support of the Dakota Access Pipeline. The city does the majority of its banking with Wells Fargo through 800 accounts and…