Philadelphia Says ‘Bye-Bye’ to Wells Fargo: Is the Next Step a Pubic Bank?

More and more local governments are divesting from Wells Fargo after multiple scandals. Philadelphia recently jumped ship and left Wells Fargo. Philadelphia is also one of public banking’s rising stars. This NextCity article, Amid Divestment Protests, More Cities Explore Public Banking, focuses on the Philadelphia situation and the movement that is gaining momentum.  The article was reprinted by Moyers & Company which has published many articles on public banking.


Stan Shapiro

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