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Wells To Pay Citi $100M To Settle Wachovia Lawsuit - npr.org
Wells Fargo has agreed to pay $100 million to Citigroup to settle a dispute related to its acquisition of Wachovia Corp. in 2008, at the height of the financial crisis. Citigroup, in a lawsuit, accused Wells and Wachovia of breach of contract and sought $60 billion in damages.
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