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Wells Fargo reaches $3bn fake accounts settlement

BBC News Friday, 21 February 2020
Pressure to hit sales goals led Wells Fargo staff to create fake accounts and collect extra fees.
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Video credit: Wochit Business - Published
News video: Wells Fargo's Sordid Fake Accounts Scandal Ends With $3 Billion Fine

Wells Fargo's Sordid Fake Accounts Scandal Ends With $3 Billion Fine 00:38

Wells Fargo was hit with a $3 billion fine Friday by federal authorities. CNN reports the fine comes after outrage over the millions of fake accounts created at the troubled bank over many years. Wells Fargo is one of America's largest and most powerful banks. The settlement with the Justice...

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Warren Buffett slammed Wells Fargo's fake-accounts scandal as a 'total disaster' after the bank agreed to a $3 billion settlement

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· *Warren Buffett called Wells Fargo's fake-accounts scandal a "total disaster" in a CNBC interview on Monday.* · *The bank agreed to pay $3 billion and...
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Wells Fargo To Pay $3 Billion After Fake Accounts Scandal

 Wells Fargo agreed Friday to pay $3 billion to settle criminal and civil investigations into a long-running practice whereby company employees opened millions...
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