Equities

Reuters first to report Wells Fargo to pay $575 million in settlement with U.S. states

Reuters first to report Wells Fargo to pay $575 million in settlement with U.S. states

Reuters was first with the news that Wells Fargo will pay at least $575 million to settle with state regulators over a phony account scandal that has already cost it $190 million in a settlement reached with federal regulators two years ago. Since then, the bank has racked up over $2 billion in penalties as other issues were discovered across most of its business lines.


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