San Leandro voted to sell a $700,000 investment note with Wells Fargo in Nov. 2017, but totally untangling itself from the bank has proven more difficult.
Including donations from attorney Joe Cotchettand his law firm, Alameda County DA Nancy O'Malley raised $27,200 in the past eight days.ALAMEDA COUNTY DA--ELECTION 2018--The powerful Burlingame law firm of Cotchett, Pitre & McCarthy, LLP filed a lawsuit on behalf of a Facebook shareholder on Tuesday over the recent disclosure that the social media company failed to … Continue reading Powerful progressive law firm plunks down $20,000 for Nancy O’Malley’s campaign
SAN LEANDRO CITY COUNCILA rash of banking scandals implicating Wells Fargo, in addition, to its controversial investment in the progressive cause célèbre, the Dakota Access Pipeline, has lead another East Bay city to take steps toward ending its banking relationship with the historic California institution.The San Leandro City Council voted, 6-0, Monday night to divest … Continue reading San Leandro severs $700,000 investment with Wells Fargo over scandals, pipeline support
THANKSGIVING WEEK OF NOV 17-23--SAN LEANDRO-- Regular council meeting, Monday, Nov. 20, 7 p.m. [ENTIRE AGENDA HERE]--WELLS FARGO DIVESTITURE-- San Leandro city staff is recommending against discontinuing business with Wells Fargo after some city officials and members of the community were critical of the bank's investments in the controversial Dakota Access Pipeline project in South … Continue reading EBC AGENDA | NOV 17-23 | SAN LEANDRO closes its Wells Fargo account?; Pot ordinances get final approvals; FREMONT plan for rising pension costs
The NFL announced approval Monday for theRaiders relocation to Las Vegas. The team isscheduled to play in Oakland through 2018.OAKLANDRaise a banner from the rafters at Oakland City Hall! By refusing to acquiesce to the threats of the Raiders and the National Football League, the city proved once again that the East Bay rests in … Continue reading With Raiders departure, Oakland once again sticks it to ‘The Man’
San Leandro Councilmember Benny Lee isleading the push for divestment of Wells Fargo.OAKLAND | SAN LEANDROBig banks took a big hit in East Bay politics last week. The Oakland City Council voted to cease its relationship with JP Morgan Chase. Then quickly reversed an apparently haphazard decision after realizing, on second thought, the absence of … Continue reading Oakland and San Leandro make banking statements
WHEN A FEW DROPS OF BLOOD from a protesting renter hit the floor at City Hall in November 2015, something seemed to have changed in Alameda’s politics.A grassroots renters group flooded City Hall that night urging the council to enact an ordinance with strong rent control restrictions, but some of the renters wouldn’t take no … Continue reading Since when did Alameda become an island of progressive activism?
Alameda uses Wells Fargo for its operatingaccounts and owns three securities.ALAMEDA CITY COUNCILWells Fargo has been under fire from state legislatures, including California, and numerous cities, namely Seattle, for it role in a systemic bank account scandal affecting millions of its own customers. The Alameda City Council is poised to join the chorus against the … Continue reading Alameda halts new investments with Wells Fargo
State Sen. Steve Glazer said Wells Fargo's iconicstagecoach once represented trust and honest, but no more following its notorious scandal.STATE SENATE | 7TH DISTRICT |State Sen. Steve Glazer tore into Wells Fargo for misconduct involving millions of falsified customer accounts. But, Wells Fargo Chief Executive Steve Sloan wasn’t there to take the thumping.Sloan never said he would … Continue reading Glazer rips Wells Fargo, calls it an ‘outlaw institution’
Oakland City Attorney Barbara ParkerPHOTO/Shane BondOAKLAND | The city of Oakland has filed a federal lawsuit against financial institution Wells Fargo alleging its lending practices were predatory and discriminatory. The lawsuit filed by Oakland City Attorney Barbara Parker Tuesday alleges Well Fargo targeted African American and Hispanic borrowers in Oakland for high risk loans even … Continue reading Oakland sues Wells Fargo for damages from discriminatory lending practices
OCCUPYOAKLANDNov. 10, 2011 | The Fox News crowd was gifted an ironic piece of news yesterday, or, they like to think they did. Occupy Oakland's fervent opposition to the big banks that hastened the greatest contraction in the U.S. economy since the Great Depression became fodder for the "one percent" when news filtered the group would … Continue reading Occupy Oakland’s Ironic $20k Account at Wells Fargo Shows Banks Control Everything