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Wells Fargo to pay $185 million, fire 5,300 workers over allegations employees opened fake accounts

City and federal officials have accepted a $185 million settlement with Wells Fargo over allegations that the bank’s employees, driven by strict sales quotas, regularly opened new accounts for customers without their knowledge. Read more..

Wells Fargo Los Angeles The Los Angeles Times First Interstate Bancorp City Beverly Hills California Bank of America San Fernando Valley

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