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Article

12 Jul 2005

Author:
Jonathan Stempel, Reuters

Wells Fargo adopts environmental lending policy [USA]

Wells Fargo & Co., the No. 5 U.S. bank, on Monday said it will tighten its lending standards to address potential environmental risks, but the policy met resistance from an advocacy group that has pushed several banks to be more eco-friendly. [refers to policies adopted by Citigroup, Bank of America, JPMorgan Chase; also refers to Goldman Sachs, John Hancock Financial Services (part of Manulife Financial), SunTrust Banks, US Bancorp, Wachovia]