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Wells Fargo contributes to gun-loan company, nabbing customer

Wells Fargo contributes to gun-loan company, nabbing customer

Wells Fargo is doubling straight down from the weapon industry, undaunted by critique of the ties that are deep firearm organizations plus the nationwide Rifle Association.

The San Francisco-based bank last week issued a $40 million credit line to weapon maker Sturm, Ruger & Co., relating to monetary filings. Which is together with the $431 million with debt that Wells Fargo has arranged for gunmakers since December 2012, as soon as the Sandy Hook college shooting escalated the weapon control debate. Hardly any other bank lent more to your industry over that right time, relating to information published by Bloomberg.