Wells Fargo: The Bank of Trump

Trump is the president of mass deportations, attacks on the public good and fossil fuels.

And no bank has done more to enable Trump's agenda than Wells Fargo.

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Climate Betrayal: Wells Fargo Stands Alone

Just weeks after Trump took office, Wells Fargo became the only major U.S. bank to completely abandon its 2030 & 2050 climate commitments.

This unconscionable decision comes as climate scientists warn that hundreds of millions face extreme weather, food system collapse, and mass extinction if we do not reign in catastrophic climate change. Wells Fargo chose Trump's approval over planetary survival.

Union Busting: 30+ Violations & Counting

Wells Fargo faces over 30 allegations of union-busting as workers organize against staff cuts, retaliation, and the return of predatory sales pressure that sparked previous scandals.

The National Labor Relations Board accused Wells Fargo of preventing fair elections, while the bank has been caught dismissing eleven employees for union activity. Management bombards workers with anti-union propaganda through emails and mandatory meetings designed to intimidate and silence organizing efforts.

Privatizing America: Wells Fargo's Secret Scheme for the Post Office

In February 2025, Wells Fargo sent a secret memo to the Trump Administration, outlining how to privatize and dismantle the U.S. Postal Service. Their plan: mass layoffs, selling off the profitable package delivery business, and sticking taxpayers with the costs of serving rural and low-income communities.

This scheme would destroy a unionized workforce that's 30% Black and 40% women, resulting in higher prices, slower service, and the elimination of universal mail delivery. Wells Fargo even recommends using the budget reconciliation process to sneak privatization past public opposition.

Systematic Racism: A Pattern of Discrimination

$44 Million in Discrimination Settlements

Wells Fargo paid massive settlements in 2017 and 2020 for systematically discriminating against Black and female job applicants.

Sham Interview Scandal

Current and former employees exposed Wells Fargo's practice of conducting fake interviews with Black and female candidates for jobs already filled by white men.

Mortgage Apartheid

Bloomberg found that Wells Fargo rejected over half of Black home refinancing applications while approving 72% of white applicants in 2020.

Abandoning Diversity: Wells Fargo Drops DEI Goals

After years decades of documented racial and gender discrimination, Wells Fargo shareholders called on the bank to create a plan to prevent workplace harassment and discrimination. Wells Fargo refused.

Within weeks of Trump taking office, Wells Fargo completely dropped its diversity, equity, and inclusion goals.

This abandonment of DEI commitments comes after years of racist lending practices that were so egregious that in 2022, the City of New York committed to stop opening new accounts with the bank.

Funding Deportation and Surveillance

Wells Fargo is the world's largest funder of Palantir, the surveillance company that partners with ICE to target and deport immigrants. Every dollar deposited at Wells Fargo helps fund the technology used to tear families apart.

The bank's investments make it directly complicit in the Trump administration's war on immigrant communities across America.

Weapons of War: Funding Atrocities in Gaza

Wells Fargo heavily funds Elbit Systems, a major provider of weapons and surveillance technology to the Israeli military. These weapons have enabled mass atrocities against Palestinian civilians, including the deaths of tens of thousands of people.

By banking with Wells Fargo, customers are unknowingly financing the very weapons systems being used to commit war crimes.

Our Demands: Wells Fargo Must Put People and Planet Before Trump and Profit.

1. REINSTATE & STRENGTHEN 2030 & 2050 CLIMATE GOALS

Wells Fargo must immediately reinstate its 2030 and 2050 financed and facilitated emissions reductions targets for the oil and gas sector, ensuring that the bank’s targets are aligned with the goals of the Paris Agreement.

2. RESPECT THE UNION

As workers continue to organize to improve conditions and reduce severe stress by fighting staff cuts and the return of sales pressure, Wells Fargo must end all union-busting activity and fully recognize the rights of its workers to organize and collectively bargain without retaliation or interference. A union is the only way that workers can effectively push back on Wells Fargo’s worst behaviors, and is one of our strongest levers of power.

3. STOP FUNDING FOSSIL FUELS & SCALE UP RENEWABLE ENERGY FINANCING

Wells Fargo must immediately stop financing all coal, oil, gas, and petrochemical expansion, phase out all financing of fossil fuels, and scale up financing for renewable energy in line with what is required to limit global warming to no more than a 1.5°C pathway.

4. END THE ATTACK ON THE POST OFFICE

The US postal service is a critical public good for tens of millions of Americans.

Wells Fargo must end all efforts to privatize the post office.

5. COMMIT TO RACIAL EQUITY

Wells Fargo must recognize the historic harms it has enabled in communities of color through years of systematic predatory lending and redlining, and implement programs that seek to redress this historic racial discrimination.

6. SEVER ALL TIES TO GENOCIDE, DEPORTATION, AND FASCISM

Wells Fargo must divest from all weapons manufacturers and tech-surveillance corporations that are enabling atrocities in Gaza, and the wave of mass deportations and attacks on immigrant communities currently happening across the United States.


Time to Act: Together, we can hold Trump's corporate enablers accountable

Trump is the president of mass deportations, attacks on the public good and fossil fuels.

And no bank has done more to enable Trump's agenda than Wells Fargo.

Let's hold them accountable