JUST IN: Wells Fargo agrees to $3 billion settlement over fake accounts. The bank has agreed to admit wrongdoing as part of the deal.
An estimated 545 customers lost their homes when the bank incorrectly denied 870 loan modification requests due to calculation errors.have agreed to a $3 billion settlement that includes the bank admitting to wrongdoing.
A criminal investigation into the company's actions found that from 2002 to 2016 Wells Fargo pressured employees to meet unrealistic sales goals, which led to millions of accounts being created without consent from customers, a DOJ official told reporters on Friday.A Wells Fargo bank sign is seen in downtown Los Angeles in this file photo from Aug. 10, 2017.
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Wells Fargo reportedly near settlements with SEC and DOJ over sales scandalWells Fargo is reportedly nearing settlements with the Securities and Exchange Commission and the Justice Department over its sales scandal.
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Wells Fargo close to roughly $3 billion settlement that would end probes into sales practices | Markets InsiderWells Fargo is nearing a deal with federal prosecutors that would settle a years-long investigation into the bank's sales practices in its banki...
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