New York to Wells Fargo: fuhgeddaboudit!
New York City is the latest state or city to consider cutting business ties with the embattled San Francisco banking giant in the wake of a sham-accounts scandal that exploded in September, The Post has learned.
Wells Fargo inked a contract with New York’s Department of Finance earlier this year to process credit-card transactions.
The deal runs from July 1 to June 30, 2021.
Wells Fargo will pocket $1.3 million a year under the deal, according to a copy of the paperwork obtained by The Post.
But on Dec. 29, the city put it up for “negotiated acquisition,” according to a public hearing notice.
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