Wells Fargo makes another big gun loan

SFGate -

SFGate—Wells Fargo is expanding its commitment to the gun industry, undaunted by criticism of its deep ties to firearm companies and the National Rifle Association. The San Francisco bank has issued a $40 million line of credit to gun manufacturer Sturm, Ruger & Co., according to financial filings. That’s on top of the $431 million in debt that Wells Fargo has arranged for gunmakers since December 2012, when the Sandy Hook school shooting escalated the gun control debate. No other bank lent more to...

Wells Fargo Bucks Pressure, Grants New Loan to Ruger Gun Company. Says gun policy should be made by legislatures, not financial institutions