Wells agreed to pay $1.4 billion to ARS customers across the country as part of a settlement with California Attorney General Jerry Brown, and will pay another $500 million in fines and expenses. The company expects to recoup most of the settlement's cost... Full Article at The Street
Related News from Other News Sources
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JPMorgan snaps up Cazenove. JPMorgan (JPM) agreed to acquire the half of British stockbroker Cazenove it doesn't own for £1B ($1.7B) in a widely-expected deal. Full Article at ETF Investor
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NEW YORK (MarketWatch) -- The North American Securities Administrators Association Wednesday announced a settlement in principle between Wells Fargo Investments LLC and state securities regulators to return approximately $1.3 billion to the firm's... Full Article at MarketWatch
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WASHINGTON (Reuters) - The North American Securities Administrators Association says a brokerage unit of Wells Fargo & Co <WFC.N> agreed to a $1.3 billion settlement involving auction rate securities (ARS). Full Article at ABC News
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WASHINGTON, D.C. November 18, 2009 - The North American Securities Administrators Association (NASAA) today announced that a settlement in principle has been reached between Wells Fargo Investments LLC and state securities regulators to return... Full Article at Clusterstock
