Macalester students conduct sit-in over college's ties with Wells Fargo


A couple dozen Macalester College students spent the night in the administration building in protest of the college's relationship with Wells Fargo, the Associated Press reports.

Macalester uses Wells Fargo as a provider for their purchasing card program. Staff, faculty and organizations purchasing items or services in the college's name use Wells Fargo for those transactions, according to the Pioneer Press.

The group “Kick Wells Fargo Off Campus” tells KSTP they'd like to see the college move their business from Wells Fargo to a community bank, citing the big bank's negligent practices during the foreclosure crisis.

In a statement, Macalester says they've given the request consideration but will not change their current arrangement with the bank.

Protesters, who initiated the sit-in at 10 a.m. Tuesday, say they're prepared to stay until Macalester cuts ties with Wells Fargo.

At an annual shareholders meeting in Utah Tuesday, a dozen protestors barged in and one attempted to make a citizen's arrest of Wells Fargo CEO John Stumpf.

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