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Treasurer Chiang to Make Major Announcement Concerning Wells Fargo Bank

September 27, 2016

Contact: Marc Lifsher


WHEN: Wednesday, September 28, 2016 at 12 p.m. PT

WHERE: San Francisco City Hall (Board of Supervisors Conference Room 278)
1 Dr. Carlton B Goodlett Place, San Francisco, CA 94102

DIAL–IN INFORMATION: United States: (800) 230-1766
International: (612) 288-0337
Code: 403320

WHAT: Treasurer John Chiang will make a major announcement involving Wells Fargo Bank. Wells Fargo was recently
fined $185 million after it was found that thousands of bank employees opened more than two million fraudulent
consumer accounts to meet sales goals.

WHO: State Treasurer John Chiang

Treasurer John Chiang serves as the state's banker, overseeing nearly $2 trillion in annual banking transactions.
He manages a $75 billion investment pool and is the nation’s largest issuer of municipal debt. He also sits on
the governing board of the nation’s two largest public pension funds – the California Public Employees’ Retirement
System and the California State Teachers’ Retirement System.

For more news, please follow the Treasurer on Twitter at @CalTreasurer, and on Facebook at California State Treasurer's Office.