Wells Fargo To Pay $3B To Settle SEC, Justice Department Investigations

Mealey's (February 24, 2020, 2:29 PM EST) -- WASHINGTON, D.C. — Wells Fargo & Co. will pay $3 billion to settle investigations brought by the Department of Justice and Securities and Exchange Commission into the financial giant’s sales practices of opening customer accounts without prior authorization, the Justice Department announced in a Feb. 21 press release....