Bailed-Out Wells Fargo Plans Vegas Casino Junkets

By: Associated Press
By: Associated Press

WASHINGTON (AP) -- Bailed-out banking giant Wells Fargo is planning more than a week of corporate junkets at Las Vegas casinos.

Wells Fargo is Colorado's largest bank in terms of deposits. It has received $25 billion in taxpayer money, but has booked 12 nights at the Wynn and Encore hotels starting Friday.

Some of that is for a company conference honoring the top mortgage lenders.

The sales conference is a Wells Fargo tradition. Previous events have included horseback riding in Puerto Rico and a private Jimmy Buffet performance in the Bahamas.

At the end of the month, the company's insurance division has scheduled a meeting at the Mandalay Bay Hotel in Las Vegas.

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