What was the amount of the loan management fine levied upon Wells Fargo by the U.S. in December 2022?
$3.7 billion
$1 billion
$2.5 billion
$5 billion
Answer
In December 2022, the U.S. levied a $3.7 billion loan management fine upon Wells Fargo. This was one of the many regulatory actions taken against the bank due to various fraudulent activities.
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