Wells Fargo Is the Go-To Bank for Gunmakers and the NRA

Yahoo Finance Video

Wells Fargo & Co. has emerged as the preferred financier for the U.S. gun industry. The bank has helped two of the biggest U.S. firearm and ammunition companies access $431.1 million in loans and bonds since December 2012, when the gun control debate gained steam after the school shooting in Newtown, Conn., according to data compiled by Bloomberg. That puts it at the top of the list of banks arranging funding for gunmakers.

Scroll to continue with content
Ad

What to Read Next