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U.S. watchdog settled for small fine over Wells Fargo phony accounts: report
WASHINGTON (Reuters) – A consumer watchdog agency could have levied $10 billion in penalties against Wells Fargo & Co last year for opening unauthorized customer accounts, but settled for a fraction of that to resolve the matter quickly, according to regulatory documents released on Tuesday.
Source:: U.S. watchdog settled for small fine over Wells Fargo phony accounts: report
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