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Wells Fargo adopts environmental lending policy [USA]

Author: Jonathan Stempel, Reuters, Published on: 12 July 2005

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]

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Related companies: Bank of America Citigroup Goldman Sachs John Hancock Financial Services (part of Manulife Financial) JPMorgan Chase Manulife Financial SunTrust Banks US Bancorp Wachovia (part of Wells Fargo) Wells Fargo