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Ohio Extends Wells Fargo Ban By Six Months

Ohio will extend its ban on doing business with Wells Fargo & Company, because the bank has not done enough to help consumers and clean up its culture. According to State Governor John Kasich, the "bank has not yet regained the public’s confidence,” Governor John Kasich said in a statement. Ohio cut ties with Wells Fargo last October, after the bank reported that millions of phony accounts may have been created without customer approval. At the time, Kasich said his state would avoid working with the bank on debt offerings or financial services for one year.
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