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Wells Fargo Setltlement

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Wells Fargo Settles Bid Rigging Case For $148.2M

CHARLOTTE, N.C. (AP) — Wells Fargo & Co. said Thursday that its subsidiary Wells Fargo Bank will pay $148.2 million to settle allegations of anti-competitive practices, such as municipal bond bid-rigging, by Wachovia Bank employees before it was acquired in 2008.

CBS Charlotte–12/08/2011