Wells Fargo agrees to pay $3 billion to settle DOJ, SEC investigations over fake accounts

Wells Fargo agrees to pay $3 billion to settle DOJ, SEC investigations over fake accounts

HousingWire

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The DOJ and SEC announced Friday afternoon that Wells Fargo will pay $3 billion to settle three separate investigations into the bank’s practices that led to 5,000 Wells Fargo employees opening two million fake accounts in order to receive sales bonuses.

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