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Giannoulias Threatens Wells Fargo Over Hartmarx Credit

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    NEWSLETTERS

    Remember then-Gov. Rod Blagojevich's threat to Bank of America regarding Republic Windows & Doors?

    A lunchtime rally in Des Plaines for Hartmarx union workers attracted State Treasurer Alexi Giannoulias, who put a letter to the President in one of the new suits made for him, pledging to end the state's banking relationship with Wells Fargo if they liquidate the company, which is in bankruptcy.

    "The only problem here is Wells Fargo.  If it liquidates this company, the State of Illinois' business with the bank will be in serious jeopardy," Giannoulias said.

    A Wells Fargo spokeswoman said via email that she hopes to be able to make a formal statement "soon."  It's believed the bank and Hartmarx have been in stepped-up discussions given the increased attention.  As those discussions continue, employees -- some of whom have been there for 40 years -- continue to make suits.

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