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Wells Fargo branch in San Francisco. Credit: Mike Scarcella/ ALM

SAN FRANCISCO — Wells Fargo & Co. has settled a set of federal securities fraud class actions over the bank’s fake accounts scandal for $480 million, the company said on Friday.

Ben Hancock

Ben Hancock is a San Francisco-based reporter covering litigation, technology, finance, and the future of law. He writes a weekly news briefing covering those topics called "What's Next." Ben can be reached via email at bhancock@alm.com, or on Twitter: @benghancock

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