Wells Fargo to Pay $3B Settlement for Violating Antifraud Rules, Resolving Fake Account Probes

USA Today, Feb. 21, 2020–Paul Davidson, Jessica Menton
Wells Fargo has agreed to pay $3 billion to settle claims related to its creation of millions of fake accounts to meet sales goals, including $500 million that will be returned to investors, the Securities and Exchange Commission said Friday.