Wells Fargo Reaches Settlement With Government Over Fake-Account Scandal

Wells Fargo Reaches Settlement With Government Over Fake-Account Scandal

Wells Fargo & Co. will pay $3 billion to settle investigations by the Justice Department and the Securities and Exchange Commission into its long-running phony accounts scandal, closing the door on a significant portion of the legal problems that for years have beleaguered one of the country’s biggest banks. The bank has to please the government’s …

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