Wells Fargo has agreed to pay more than $11 million to settle charges that Wachovia overpriced complex mortgage-backed securities in the run-up to the financial crisis. Wells Fargo acquired Charlotte-based Wachovia in 2008. The SEC alleges Wachovia was charging too much for certain investment products in 2007, when the value of the underlying mortgages was slipping. In agreeing to the settlement, Wells Fargo neither admitted nor denied the SEC's findings.
© 2026 WFAE
Mailing Address:
WFAE 90.7
P.O. Box 896890
Charlotte, NC 28289-6890
Tax ID: 56-1803808
Mailing Address:
WFAE 90.7
P.O. Box 896890
Charlotte, NC 28289-6890
Tax ID: 56-1803808
90.7 Charlotte 93.7 Southern Pines
90.3 Hickory 106.1 Laurinburg
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations