Wells Fargo faces $1 billion fine from loan abuses

Two U.S. regulators have proposed Wells Fargo & Co pay $1 billion in penalties to resolve probes into auto insurance and mortgage lending abuses at the third largest U.S. bank, overshadowing its first quarter results.
Read more: https://www.reuters.com/article/us-wells-fargo-results/wells-fargo-faces-1-billion-fine-from-loan-abuses-idUSKBN1HK1NI?source=Snapzu