Wells Fargo dropped from Philadelphia’s lawsuit against large investment banks

The city has filed a series of complaints against the bank in recent years, and the bank has substantially reduced its employment in Center City. Formerly a financial center, Philadelphia no longer has a large concentration of commercial banking jobs compared to its population — in contrast with the nearby Wilmington, Del. area, which is home to one of the largest banking and financial employment centers in the country, according to a study released by the Delaware state economic development office last week.

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