Protests are planned in central-Iowa as Wells Fargo holds its annual meeting for shareholders. Maurice B.P.-Weeks of the “Action Center on Race and the Economy” says his groups and others have one goal in the protests.
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It is the first time the Wells Fargo Board will meet in Des Moines and the event comes on the heels of federal regulators hitting the bank with a one-billion-dollar fine for loan abuses. Wells Fargo has also been fined after workers created millions of fake accounts to gain incentives. B.P-Weeks says they have four demands.
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Wells Fargo has about 16-thousand employees across the state — with the bulk of them working in Des Moines and the surrounding metro area.