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Wells Fargo & Co (NYSE: WFC) is trading lower Wednesday on continued weakness after Bloomberg reported the company could see regulatory action over the speed of its restitution payments. According to reports, regulators are signaling that they are still not satisfied with Wells Fargo’s progress in compensating victims and shoring up controls after five years of scandals that already cost the bank more than $5 billion in fines and legal settlements.
...read full article on Benzinga
