Comment on CBJ Morning Buzz: Wells Fargo said to be nearing settlement with feds; New stores at Concord Mills; Feud erupts between NoDa art

CBJ Morning Buzz: Wells Fargo said to be nearing settlement with feds; New stores at Concord Mills; Feud erupts between NoDa art

A settlement could be revealed soon involving Wells Fargo & Co. and federal authorities looking into abusive practices in the company's banking, auto-lending and mortgage businesses, according to a report from The New York Times. The newspaper notes an agreement could be revealed as soon as today and, while the likely size of any penalties could not be immediately determined, the bank has set aside more than $3 billion for legal costs related to its sales practices.

 

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