Wells Fargo is doubling down from the weapon industry, undaunted by critique of its ties that are deep firearm businesses plus the nationwide Rifle Association.
The San Francisco-based bank last week issued a $40 million credit line to weapon maker Sturm, Ruger & Co., in accordance with monetary filings. Which is in addition to the $431 million with debt that Wells Fargo has arranged for gunmakers since December 2012, as soon as the Sandy Hook college shooting escalated the weapon control debate. Hardly any other bank lent more to your industry over that time, based on information published by Bloomberg.
The debt that is new released to at least one of the world’s biggest publicly exchanged gunmakers, arrived as a huge shock to a minumum of one team: nuns who was simply conversing with Wells Fargo about corporate-responsibility problems. Read more