G7: Food Security Crisis Could Push Poorer Nations Into China’s Arms
About 100 Somalis rallied Friday at a Wells Fargo branch in Minneapolis’ midtown neighborhood. Some then closed their accounts.
Last month, more than a dozen Somali money transfer businesses stopped sending money to Somalia because another bank that had been making the transfers stopped doing it, fearing it might inadvertently violate anti-terror regulations.
Wells Fargo stopped working with hawalas years ago, but protesters say the bank has an opportunity to be a leader and begin helping again.
A Wells Fargo spokeswoman tells WCCO radio the bank hates to see customers leave, and a leadership team will meet with Somali community members next week.
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Western leaders are under pressure to unite other countries behind their opposition to Russia's war in Ukraine, while Moscow is eager to blame Western sanctions for the worsening food crisis.