Stock Groups

Wells Fargo pledges $1 million aid for Ukraine, people fleeing Russian invasion -Breaking

[ad_1]

© Reuters. FILE PHOTO A Wells Fargo logo can be seen in New York City on January 10, 2017, U.S.A. REUTERS/Stephanie Keith

NEW YORK (Reuters) – Wells Fargo (NYSE:) & Co, the United States’ fourth-largest bank, said on Wednesday it was donating $1 million to the American Red Cross and other nonprofit groups that are helping Ukraine and Ukrainian refugees.

The pledge by Wells Fargo follows similar announcements by JPMorgan Chase & Co (NYSE:), Jefferies Financial Group Inc and other companies that have begun offering aid to Ukraine and people fleeing the war following Russia’s invasion.

According to a statement, Wells Fargo will donate to the American Red Cross and World Central Kitchen, as well to the USO (NYSE) which support American soldiers in Eastern Europe.

Charlie Scharf (Wells Chief Executive) stated that grants will be given to aid in humanitarian relief and food distribution to those who are most affected by conflicts and U.S. Service members.

Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media does not accept any liability for trade losses that you may incur due to the use of these data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.

[ad_2]