Wells Fargo to pay $3 billion to U.S. authorities to resolve probe into fake accounts
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WASHINGTON (Reuters) - Wells Fargo & Co and one of its units will pay $3 billion (2.3 billion pounds) to resolve criminal and civil probes into years of fraudulent sales practices, U.S. authorities said on Friday, wrapping up one of the last one major investigations looming over the bank.Wells Fargo and its North American subsidiary will pay the penalties to the U.S. Justice Department and Securities and Exchange Commission and enter in a deferred prosecution agreement lasting three years, the..