The Atlantic

Wells Fargo’s $110 Million Settlement

The bank says it’s expecting to settle another 11 class-action cases related to the fake-accounts scandal last year.

Source: Rick Wilking / Reuters

The latest development in the Wells Fargo saga has good news for some of its customers: The bank will pay $110 million to settle a class-action lawsuit for around 2 million accounts opened without customer permission.

The settlement, which is awaiting court approval in California, comes amid six months of continual fallout for Wells Fargo, the second-largest commercial bank in the United

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