Links
From Wiki in Oct. section from which leads to references to articles claiming of the government pressure if you don’t want to read it all. And it wasn’t just Wells Fargo but a lot of them said they didn’t need the money. Doesn’t look good to me.
On Tuesday the United States announced a plan to take an equity interest of $250 billion in US banks with 25 billion going to each of the four largest banks. The 9 largest banks in the US: Goldman Sachs, Morgan Stanley, J.P. Morgan, Bank of America, Merrill Lynch, Citigroup, Wells Fargo, Bank of New York Mellon and State Street were called in to a meeting on Monday morning and pressured to sign; all eventually agreed.