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April 20, 2018

Wells Fargo to Be Hit with $1 Billion Fine over Financial Crimes
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Wall Street giant Wells Fargo is expected to be hit with a $1 billion
fine imposed by federal regulators accusing the bank of forcing people
to buy auto insurance policies they didn't need, for improperly charging
mortgage holders and for other financial crimes. Despite being hit by a
series of high-profile scandals and fines in recent years, Wells Fargo
continues to reap billions of dollars a year in profits-reporting $5.9
billion in earnings in the first three months of this year alone.


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