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Wells Fargo to pay $3B settlement for violating antifraud rules, resolving fake account probes

USATODAY.com Friday, 21 February 2020
Wells Fargo agrees to pay $3B for misleading investors as part of fake-account scandal
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News video: Wells Fargo to pay $3 bln for fake accounts

Wells Fargo to pay $3 bln for fake accounts 01:32

Wells Fargo reached a settlement Friday for a massive fake account scandal, in which it admitted to guilt and agreed to pay $3 billion to the Justice Department and Securities and Exchange Commission. Conway G. Gittens details the official announcement.

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