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

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

Wells Fargo admits deception in .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 .2 billion settlement of a U.S. Department of Justice lawsuit.

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