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Wells Fargo to pay $37 million in foreign-exchange fraud case

Sept. 27, 2021, 2:42 p.m.

(New York Post) Wells Fargo on Monday reached a $37.3 million settlement to resolve US government accusations that it fraudulently overcharged hundreds of commercial customers who used its foreign exchange services. The settlement filed with the US District Court in Manhattan requires a judge’s approval, and resolves civil fraud charges against the fourth-largest US bank. Wells Fargo did...

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