California Treasurer John Chiang said his office would stop doing some business with Wells Fargo & Co. over the bank’s burgeoning sales scandal. Mr. Chiang said in a letter to the bank’s board that his office would suspend “its most highly profitable business relationships” with the San Francisco-based banking group over allegations of widespread illegal sales tactics. Under the suspension, the Treasurer’s office will for...

Source: Wall Street Journal September 28, 2016 19:07 UTC