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Wells Fargo pays $575 million to settle state investigations

(AP Photo/Richard Drew, File) In this May 17, 2018 file photo, the logo for Wells Fargo appears above a trading post on the floor of the New York Stock Exchange. Wells Fargo is paying $575 million as part of deal to resolve investigations by every state into its banking practices, which have included creating phony accounts and using manipulative sales practices. The deal also includes creating teams to review and respond to customer issues about its banking and sales practices.

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