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Wells Fargo & Co (NYSE: WFC) shares are trading lower by 6.3% at $45.37 after Bloomberg reported the company could see regulatory action over the speed of its restitution payments. Bloomberg reported: Five years into scandals that have already cost Wells Fargo & Co. more than $5 billion in fines and legal settlements, regulators are privately signaling they’re still not satisfied with the bank’s progress in compensating victims and shoring up controls.
...read full article on Benzinga
