Wells Fargo Expanding Settlement to Include More Customers

Banking giant Wells Fargo (WFC) came under fire last year when it was discovered that its employees had been fraudulently opening accounts in customers' names to meet impossible sales goals, now the company is expanding the settlement it reached over that issue to include more customer accounts.

Wells Fargo said it will add $32 million to the previous agreement for $142 million, Reuters reports. The settlement is being expanded to include accounts going back as far as May 2002.

"The expansion of this agreement is another important step to make things right four our customers," company CEO Tim Sloan said, according to Reuters.

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