<html><head><meta http-equiv="Content-Type" content="text/html charset=utf-8"></head><body style="word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space;" class="">What could ours say? <div class="">Wells F supports baby prisons ( used to)</div><div class="">WF pays $575 m in fines….read below.</div><div class=""> Maybe Will Beaumont could come up with something for our Fri rallies.</div><div class="">rk</div><div class=""><br class=""></div><div class=""><br class=""></div><div class=""><br class=""></div><div class=""><img height="481" width="480" apple-width="yes" apple-height="yes" apple-inline="yes" id="2066AB0C-A042-48A1-AC41-34EA490D0EAA" src="cid:5311294F-3B29-419F-B092-CF2FC2DAA9D8@hsd1.ca.comcast.net." class=""><br class=""><div class=""><br class=""></div><div class=""><header class="euiyums1 css-1mx7hds" style="margin: 2.8125rem 0px 0px; padding: 0px; border: 0px; font-variant-ligatures: normal; font-variant-numeric: inherit; font-variant-east-asian: inherit; 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vertical-align: baseline; display: inline-block; letter-spacing: 0.02em;" class="">By <a href="https://www.nytimes.com/by/stacy-cowley" class="e1jsehar0 css-1riqqik" style="margin: 0px; padding: 0px; border: 0px; text-size-adjust: 100%; font: inherit; vertical-align: baseline; text-decoration: none; color: rgb(51, 51, 51); display: inline;"><span class="css-1baulvz" itemprop="name" style="margin: 0px; padding: 0px; border: 0px; text-size-adjust: 100%; font: inherit; vertical-align: baseline; display: inline-block; text-decoration: underline rgb(204, 204, 204);">Stacy Cowley</span></a> and <span class="css-1baulvz" itemprop="name" style="margin: 0px; padding: 0px; border: 0px; text-size-adjust: 100%; font: inherit; vertical-align: baseline; display: inline-block;">Emily Flitter</span></div></div></div><ul class="epjyd6m2 css-1w5cs23" style="margin: 0px; padding: 0px; border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant-caps: inherit; line-height: inherit; 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padding: 0px; border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant-caps: inherit; line-height: inherit; vertical-align: baseline; display: flex; flex-direction: row; height: 611px; width: 1200px;"><div class="css-53u6y8" style="margin: 0px 0px 0px calc((100% - 600px) / 2); padding: 0px; border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant-caps: inherit; line-height: inherit; vertical-align: baseline; width: 600px; max-width: 600px;"><p class="evys1bk0 css-1ygdjhk" style="margin: 0px 0px 1.25rem; padding: 0px; border: 0px; font-style: inherit; font-variant-ligatures: inherit; font-variant-position: inherit; font-variant-caps: inherit; font-variant-numeric: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-stretch: inherit; font-size: 1.1875rem; line-height: 1.8125rem; font-family: nyt-imperial, georgia, 'times new roman', times, serif; vertical-align: baseline; width: 600px; max-width: 100%;">Wells Fargo will pay $575 million to resolve investigations by all 50 states and Washington, D.C., into a range of practices, the latest chapter in the bank’s long-running legal problems.</p><p class="evys1bk0 css-1ygdjhk" style="margin: 0px 0px 1.25rem; padding: 0px; border: 0px; font-style: inherit; font-variant-ligatures: inherit; font-variant-position: inherit; font-variant-caps: inherit; font-variant-numeric: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-stretch: inherit; font-size: 1.1875rem; line-height: 1.8125rem; font-family: nyt-imperial, georgia, 'times new roman', times, serif; vertical-align: baseline; width: 600px; max-width: 100%;">The deal ends inquiries that began after federal regulators revealed in September 2016 that Wells Fargo employees had for years opened millions of unauthorized bank accounts in customers’ names. The employees said they had done so <a class="css-1g7m0tk" href="https://www.nytimes.com/2016/09/17/business/dealbook/wells-fargo-warned-workers-against-fake-accounts-but-they-needed-a-paycheck.html?module=inline" title="" style="margin: 0px; padding: 0px; border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant-caps: inherit; line-height: inherit; vertical-align: baseline; color: rgb(50, 104, 145);">because they feared losing their jobs</a>if they could not meet Wells Fargo’s aggressive sales goals.<br class=""></p><p class="evys1bk0 css-1ygdjhk" style="margin: 0px 0px 1.25rem; padding: 0px; border: 0px; font-style: inherit; font-variant-ligatures: inherit; font-variant-position: inherit; font-variant-caps: inherit; font-variant-numeric: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-stretch: inherit; font-size: 1.1875rem; line-height: 1.8125rem; font-family: nyt-imperial, georgia, 'times new roman', times, serif; vertical-align: baseline; width: 600px; max-width: 100%;">The disclosure led to the departure of Wells Fargo’s chief executive at the time, John G. Stumpf, and several other senior executives. It also sullied the company’s prized image as the best-behaved major American bank after the 2008 financial crisis.</p><div style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant-ligatures: inherit; font-variant-position: inherit; font-variant-caps: inherit; font-variant-numeric: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-stretch: inherit; font-size: 1.1875rem; line-height: 1.8125rem; font-family: nyt-imperial, georgia, 'times new roman', times, serif; vertical-align: baseline; width: 600px; max-width: 100%;" class="">Wells Fargo admitted its missteps and <a class="css-1g7m0tk" href="https://www.nytimes.com/2016/09/09/business/dealbook/wells-fargo-fined-for-years-of-harm-to-customers.html?module=inline" title="" style="margin: 0px; padding: 0px; border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant-caps: inherit; line-height: inherit; vertical-align: baseline; color: rgb(50, 104, 145);">paid fines of $185 million</a>, but accusations of bad behavior kept multiplying: that some customers who took out car loans were <a class="css-1g7m0tk" href="https://www.nytimes.com/2017/07/27/business/wells-fargo-unwanted-auto-insurance.html?module=inline" title="" style="margin: 0px; padding: 0px; border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant-caps: inherit; line-height: inherit; vertical-align: baseline; color: rgb(50, 104, 145);">forced to buy unwanted auto insurance</a>; that more than 500,000 people were enrolled in a bill-paying service they may not have asked to join; that some mortgage customers had been overcharged; and that some people had been charged for <a class="css-1g7m0tk" href="https://www.nytimes.com/2016/12/09/business/dealbook/wells-fargo-accusations-sham-insurance-policies.html?module=inline" title="" style="margin: 0px; padding: 0px; border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant-caps: inherit; line-height: inherit; vertical-align: baseline; color: rgb(50, 104, 145);">life-insurance policies they did not buy.</a></div></div><aside class="css-17l9gfh" style="margin: 0px 0px 0px auto; padding: 0px; border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant-caps: inherit; line-height: inherit; vertical-align: baseline; display: flex; width: 210px; -webkit-box-align: center; align-items: center;"></aside></div><div class="efqptxt0 css-190ncxp" style="margin: 0px; padding: 0px; border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant-caps: inherit; line-height: inherit; vertical-align: baseline; width: 1843px; height: 1rem;"></div><div class="StoryBodyCompanionColumn css-1fanzo5" style="margin: 0px auto 1rem; padding: 0px; border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant-caps: inherit; line-height: inherit; vertical-align: baseline; display: flex; flex-direction: row; height: 665px; width: 1200px;"><div class="css-53u6y8" style="margin: 0px 0px 0px calc((100% - 600px) / 2); padding: 0px; border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant-caps: inherit; line-height: inherit; vertical-align: baseline; width: 600px; max-width: 600px;"><p class="evys1bk0 css-1ygdjhk" style="margin: 0px 0px 1.25rem; padding: 0px; border: 0px; font-style: inherit; font-variant-ligatures: inherit; font-variant-position: inherit; font-variant-caps: inherit; font-variant-numeric: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-stretch: inherit; font-size: 1.1875rem; line-height: 1.8125rem; font-family: nyt-imperial, georgia, 'times new roman', times, serif; vertical-align: baseline; width: 600px; max-width: 100%;">The agreement on Friday followed a <a class="css-1g7m0tk" href="https://ag.ny.gov/press-release/ag-underwood-announces-65-million-settlement-wells-fargo-misleading-investors" title="" rel="noopener noreferrer" target="_blank" style="margin: 0px; padding: 0px; border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant-caps: inherit; line-height: inherit; vertical-align: baseline; color: rgb(50, 104, 145);">$65 million settlement</a> between the State of New York and Wells Fargo in October over the sham accounts, and the bank’s settlement of federal charges related to its handling of mortgages and auto loans.</p><p class="evys1bk0 css-1ygdjhk" style="margin: 0px 0px 1.25rem; padding: 0px; border: 0px; font-style: inherit; font-variant-ligatures: inherit; font-variant-position: inherit; font-variant-caps: inherit; font-variant-numeric: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-stretch: inherit; font-size: 1.1875rem; line-height: 1.8125rem; font-family: nyt-imperial, georgia, 'times new roman', times, serif; vertical-align: baseline; width: 600px; max-width: 100%;">“Wells Fargo’s conduct was unlawful and disgraceful,” California’s attorney general, Xavier Becerra, said in a news release on Friday. California will get <a class="css-1g7m0tk" href="https://oag.ca.gov/news/press-releases/attorney-general-becerra-recovers-1487-million-california-settlement-wells-fargo" title="" rel="noopener noreferrer" target="_blank" style="margin: 0px; padding: 0px; border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant-caps: inherit; line-height: inherit; vertical-align: baseline; color: rgb(50, 104, 145);">almost $149 million</a> under the settlement.</p><div class="css-1o6jhnk" data-testid="inline-message" style="margin: 25px auto; padding: 0px; border: 0px; text-size-adjust: 100%; font-style: inherit; font-variant: inherit; font-weight: 700; font-stretch: inherit; font-size: 15px; line-height: 19px; font-family: nyt-franklin; vertical-align: baseline; box-sizing: border-box; max-width: 600px; text-align: center;"><div class="vi_inline css-10klw3m" style="margin: 0px; padding: 0px; border: 0px; text-size-adjust: 100%; font: inherit; vertical-align: baseline; height: 0px;"></div></div><p class="evys1bk0 css-1ygdjhk" style="margin: 0px 0px 1.25rem; padding: 0px; border: 0px; font-style: inherit; font-variant-ligatures: inherit; font-variant-position: inherit; font-variant-caps: inherit; font-variant-numeric: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-stretch: inherit; font-size: 1.1875rem; line-height: 1.8125rem; font-family: nyt-imperial, georgia, 'times new roman', times, serif; vertical-align: baseline; width: 600px; max-width: 100%;">Wells Fargo has recently engaged in a vigorous push to rehabilitate its image, emphasizing its contrition in an advertising campaign. Company executives have been upbeat about the bank’s future prospects despite a regulatory restriction that has kept it from growing while it repairs its internal controls.</p><p class="evys1bk0 css-1ygdjhk" style="margin: 0px 0px 1.25rem; padding: 0px; border: 0px; font-style: inherit; font-variant-ligatures: inherit; font-variant-position: inherit; font-variant-caps: inherit; font-variant-numeric: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-stretch: inherit; font-size: 1.1875rem; line-height: 1.8125rem; font-family: nyt-imperial, georgia, 'times new roman', times, serif; vertical-align: baseline; width: 600px; max-width: 100%;">“This agreement underscores our serious commitment to making things right in regard to past issues as we build a better bank,” Wells Fargo’s chief executive, Timothy J. Sloan, said in a news release on Friday.</p><div style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant-ligatures: inherit; font-variant-position: inherit; font-variant-caps: inherit; font-variant-numeric: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-stretch: inherit; font-size: 1.1875rem; line-height: 1.8125rem; font-family: nyt-imperial, georgia, 'times new roman', times, serif; vertical-align: baseline; width: 600px; max-width: 100%;" class="">The bank said in its release that it had $400 million of the settlement amount in hand and would have the rest by the end of the quarter on Monday. A judge must approve the settlement for it to be finalized, California said in its news release.</div></div><aside class="css-o6xoe7" style="margin: 0px 0px 0px auto; padding: 0px; border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant-caps: inherit; line-height: inherit; vertical-align: baseline; display: flex; width: 210px; -webkit-box-align: center; align-items: center;"><div class="css-dvpunx ejk1mx12" style="margin: 0px; padding: 0px; border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant-caps: inherit; line-height: inherit; vertical-align: baseline; width: 210px; max-width: 210px;"><h2 class="css-ohexsw" style="margin: 0px 0px 15px; padding: 0px 0px 12px; border-width: 0px 0px 1px; border-bottom-style: solid; border-bottom-color: rgb(226, 226, 226); font-style: inherit; font-variant-ligatures: inherit; font-variant-position: inherit; font-variant-caps: inherit; font-variant-numeric: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-stretch: inherit; font-size: 14px; line-height: 14px; font-family: nyt-franklin, helvetica, arial, sans-serif; vertical-align: baseline; color: rgb(0, 0, 0); letter-spacing: 0.02em;">Editors’ Picks</h2><article class="ejk1mx10 css-1vjinfw" style="margin: 0px 0px 15px; padding: 0px; border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant-caps: inherit; line-height: inherit; vertical-align: baseline;"><a class="css-1sj6bre" href="https://www.nytimes.com/2019/03/26/fashion/keen-gucci-shoes-copy.html?fallback=0&recId=1J5juTKzT6RgjsGVF6KvJsLZf8R&locked=0&geoContinent=NA&geoRegion=CA&recAlloc=story&geoCountry=US&blockId=home-featured&imp_id=371357351" style="margin: 0px; padding: 0px; border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant-caps: inherit; line-height: inherit; vertical-align: baseline; text-decoration: none; color: black; height: 78px; display: flex; flex-direction: row;"><div class="css-lchw6q" style="margin: 0px; padding: 0px; border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant-caps: inherit; line-height: inherit; vertical-align: baseline; width: 75px;"><img alt="" src="https://static01.nyt.com/images/2019/03/28/fashion/26KEEN-keen/26KEEN-keen-square640.jpg?quality=75&auto=webp&disable=upscale&width=350" itemprop="url" itemid="https://static01.nyt.com/images/2019/03/28/fashion/26KEEN-keen/26KEEN-keen-square640.jpg?quality=75&auto=webp&disable=upscale&width=350" style="margin: 0px; padding: 0px; border: none; font-family: inherit; font-size: inherit; font-style: inherit; font-variant-caps: inherit; line-height: inherit; vertical-align: baseline; height: auto; max-width: 100%;" class=""></div><h3 class="css-ctmuta ejk1mx11" style="margin: auto 0px auto 10px; padding: 0px; border-top: 0px; border-right: 0px; border-bottom: none; border-left: 0px; border-image: initial; text-size-adjust: 100%; font-style: inherit; font-variant: inherit; font-weight: 500; font-stretch: inherit; font-size: 14px; line-height: 17px; font-family: nyt-cheltenham-small, georgia, "times new roman"; vertical-align: baseline; width: calc(100% - 85px); color: rgb(51, 51, 51);">Gucci Makes a Shoe and Keen Gets the Last Laugh</h3></a></article><article class="ejk1mx10 css-1vjinfw" style="margin: 0px 0px 15px; padding: 0px; border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant-caps: inherit; line-height: inherit; vertical-align: baseline;"><a class="css-1sj6bre" href="https://www.nytimes.com/2019/03/19/t-magazine/charles-pan-fried-chicken.html?fallback=0&recId=1J5juTKzT6RgjsGVF6KvJsLZf8R&locked=0&geoContinent=NA&geoRegion=CA&recAlloc=story&geoCountry=US&blockId=home-featured&imp_id=227284199" style="margin: 0px; padding: 0px; border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant-caps: inherit; line-height: inherit; vertical-align: baseline; text-decoration: none; color: black; height: 85px; display: flex; flex-direction: row;"><div class="css-lchw6q" style="margin: 0px; padding: 0px; border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant-caps: inherit; line-height: inherit; vertical-align: baseline; width: 75px;"><img alt="" src="https://static01.nyt.com/images/2019/03/13/t-magazine/food/charles-chicken-slide-6LJA/charles-chicken-slide-6LJA-square640-v3.jpg?quality=75&auto=webp&disable=upscale&width=350" itemprop="url" itemid="https://static01.nyt.com/images/2019/03/13/t-magazine/food/charles-chicken-slide-6LJA/charles-chicken-slide-6LJA-square640-v3.jpg?quality=75&auto=webp&disable=upscale&width=350" style="margin: 0px; padding: 0px; border: none; font-family: inherit; font-size: inherit; font-style: inherit; font-variant-caps: inherit; line-height: inherit; vertical-align: baseline; height: auto; max-width: 100%;" class=""></div><h3 class="css-ctmuta ejk1mx11" style="margin: auto 0px auto 10px; padding: 0px; border-top: 0px; border-right: 0px; border-bottom: none; border-left: 0px; border-image: initial; text-size-adjust: 100%; font-style: inherit; font-variant: inherit; font-weight: 500; font-stretch: inherit; font-size: 14px; line-height: 17px; font-family: nyt-cheltenham-small, georgia, "times new roman"; vertical-align: baseline; width: calc(100% - 85px); color: rgb(51, 51, 51);">A Beloved Restaurant Where Fried Chicken Achieves Its Highest Form</h3></a></article><article class="ejk1mx10 css-1vjinfw" style="margin: 0px 0px 15px; padding: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-style: none; border-left-width: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant-caps: inherit; line-height: inherit; vertical-align: baseline;"><a class="css-1sj6bre" href="https://www.nytimes.com/2019/03/27/magazine/people-dont-bribe-college-officials-to-help-their-kids-they-do-it-to-help-themselves.html?fallback=0&recId=1J5juTKzT6RgjsGVF6KvJsLZf8R&locked=0&geoContinent=NA&geoRegion=CA&recAlloc=story&geoCountry=US&blockId=home-featured&imp_id=694367984" style="margin: 0px; padding: 0px; border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant-caps: inherit; line-height: inherit; vertical-align: baseline; text-decoration: none; color: black; height: 85px; display: flex; flex-direction: row;"><div class="css-lchw6q" style="margin: 0px; padding: 0px; border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant-caps: inherit; line-height: inherit; vertical-align: baseline; width: 75px;"><img alt="" src="https://static01.nyt.com/images/2019/03/31/magazine/31mag-screenland/31mag-screenland-square640.jpg?quality=75&auto=webp&disable=upscale&width=350" itemprop="url" itemid="https://static01.nyt.com/images/2019/03/31/magazine/31mag-screenland/31mag-screenland-square640.jpg?quality=75&auto=webp&disable=upscale&width=350" style="margin: 0px; padding: 0px; border: none; font-family: inherit; font-size: inherit; font-style: inherit; font-variant-caps: inherit; line-height: inherit; vertical-align: baseline; height: auto; max-width: 100%;" class=""></div><h3 class="css-ctmuta ejk1mx11" style="margin: auto 0px auto 10px; padding: 0px; border-top: 0px; border-right: 0px; border-bottom: none; border-left: 0px; border-image: initial; text-size-adjust: 100%; font-style: inherit; font-variant: inherit; font-weight: 500; font-stretch: inherit; font-size: 14px; line-height: 17px; font-family: nyt-cheltenham-small, georgia, "times new roman"; vertical-align: baseline; width: calc(100% - 85px); color: rgb(51, 51, 51);">People Don’t Bribe College Officials to Help Their Kids. They Do It to Help Themselves.</h3></a></article><div id="pp_edpick-wrapper" style="margin: 0px 0px 0px -9px; padding: 0px; border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant-caps: inherit; line-height: inherit; vertical-align: baseline;" class=""></div></div></aside></div><div class="efqptxt0 css-190ncxp" style="margin: 0px; padding: 0px; border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant-caps: inherit; line-height: inherit; vertical-align: baseline; width: 1843px; height: 1rem;"></div><div class="StoryBodyCompanionColumn css-1fanzo5" style="margin: 0px auto 1rem; padding: 0px; border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant-caps: inherit; line-height: inherit; vertical-align: baseline; display: flex; flex-direction: row; height: 611px; width: 1200px;"><div class="css-53u6y8" style="margin: 0px 0px 0px calc((100% - 600px) / 2); padding: 0px; border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant-caps: inherit; line-height: inherit; vertical-align: baseline; width: 600px; max-width: 600px;"><p class="evys1bk0 css-1ygdjhk" style="margin: 0px 0px 1.25rem; padding: 0px; border: 0px; font-style: inherit; font-variant-ligatures: inherit; font-variant-position: inherit; font-variant-caps: inherit; font-variant-numeric: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-stretch: inherit; font-size: 1.1875rem; line-height: 1.8125rem; font-family: nyt-imperial, georgia, 'times new roman', times, serif; vertical-align: baseline; width: 600px; max-width: 100%;">Wells Fargo has gotten some relief from its legal woes over the past year, but its troubles are far from over.</p><p class="evys1bk0 css-1ygdjhk" style="margin: 0px 0px 1.25rem; padding: 0px; border: 0px; font-style: inherit; font-variant-ligatures: inherit; font-variant-position: inherit; font-variant-caps: inherit; font-variant-numeric: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-stretch: inherit; font-size: 1.1875rem; line-height: 1.8125rem; font-family: nyt-imperial, georgia, 'times new roman', times, serif; vertical-align: baseline; width: 600px; max-width: 100%;">In April, the bank <a class="css-1g7m0tk" href="https://www.nytimes.com/2018/04/20/business/wells-fargo-cfpb-penalty-regulators.html?module=inline" title="" style="margin: 0px; padding: 0px; border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant-caps: inherit; line-height: inherit; vertical-align: baseline; color: rgb(50, 104, 145);">paid $1 billion</a> to the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency to settle investigations into its mortgage- and auto-lending practices. This month, an <a class="css-1g7m0tk" href="https://newsroom.wf.com/press-release/corporate-and-financial/wells-fargo-securities-class-action-settlement-approved" title="" rel="noopener noreferrer" target="_blank" style="margin: 0px; padding: 0px; border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant-caps: inherit; line-height: inherit; vertical-align: baseline; color: rgb(50, 104, 145);">agreement was finalized</a> under which Wells Fargo will pay $480 million to settle a class-action claim by shareholders who said they were harmed by the bank’s false statements about its misdeeds.</p><p class="evys1bk0 css-1ygdjhk" style="margin: 0px 0px 1.25rem; padding: 0px; border: 0px; font-style: inherit; font-variant-ligatures: inherit; font-variant-position: inherit; font-variant-caps: inherit; font-variant-numeric: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-stretch: inherit; font-size: 1.1875rem; line-height: 1.8125rem; font-family: nyt-imperial, georgia, 'times new roman', times, serif; vertical-align: baseline; width: 600px; max-width: 100%;">In February, however, the Federal Reserve said it would <a class="css-1g7m0tk" href="https://www.nytimes.com/2018/02/02/business/wells-fargo-federal-reserve.html?dlbk=&module=inline" title="" style="margin: 0px; padding: 0px; border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant-caps: inherit; line-height: inherit; vertical-align: baseline; color: rgb(50, 104, 145);">restrict the bank from growing</a> until it improved its internal checks and balances significantly. Wells Fargo said at the time that it would replace four directors and submit to an independent review of its oversight and risk-management practices.</p><div style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant-ligatures: inherit; font-variant-position: inherit; font-variant-caps: inherit; font-variant-numeric: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-stretch: inherit; font-size: 1.1875rem; line-height: 1.8125rem; font-family: nyt-imperial, georgia, 'times new roman', times, serif; vertical-align: baseline; width: 600px; max-width: 100%;" class="">The bank is still trying to fulfill regulators’ requirements. In October, as scrutiny by the Fed and the Comptroller of the Currency continued, Wells Fargo <a class="css-1g7m0tk" href="https://www.nytimes.com/2018/10/24/business/wells-fargo-suspends-employees-sales.html?module=inline" title="" style="margin: 0px; padding: 0px; border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant-caps: inherit; line-height: inherit; vertical-align: baseline; color: rgb(50, 104, 145);">suspended two top executives</a>, one of whom the company had hailed as a turnaround agent. Mr. Sloan also warned investors that the bank would not meet an expectation that it would be free from regulatory restraints by the end of 2018 or the start of 2019.</div></div></div></section></div></div><div class=""><br class=""></div><div class=""><br class=""></div><div class=""><br class=""></div><div class=""><br class=""></div><div class=""><br class=""></div><div class=""><br class=""></div></body></html>