Bloomberg: SF-based Wells Fargo emerges as NRA’s preferred banker

(Bloomberg) — Wells Fargo & Co. has emerged as the preferred financier for the U.S. gun industry.
The bank has helped two of the biggest U.S. firearm and ammunition companies access $431.1 million in loans and bonds since December 2012, when the gun control debate gained steam after the school shooting in Newtown, Connecticut, according to data compiled by Bloomberg. That puts it on the top of the list of banks arranging funding for gunmakers.
Wells Fargo also has a long relationship with the National Rifle Association, inherited from banks that Wells took over.