Wells Fargo admits deception in $1.2 billion U.S. mortgage accord
 

Wells Fargo admits deception in $1.2 billion U.S. mortgage accord
(Reuters) - Wells Fargo & Co admitted to deceiving the U.S. government into insuring thousands of risky mortgages, as it formally reached a record $1.2 billion settlement of a U.S. Department of Justice lawsuit.
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