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Wells Fargo & Co. will pay $ 3 billion to settle U.S. investigations into more than a decade of widespread consumer abuses under a deal that lets the scandal-ridden bank avoid criminal charges. The deferred-prosecution agreement with the Department of Justice spares the company a potential conviction that can create …

Wells Fargo & Co. is poised to pay roughly $ 3 billion to settle federal investigations into a range of consumer abuses that were rampant at the bank for years, according to a person with direct knowledge of the matter. The Department of Justice and Securities and Exchange Commission may …