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Wells Fargo fires forex bankers, investigates unit: WSJ
October 20, 2017 / 5:30 PM / a month ago

Wells Fargo fires forex bankers, investigates unit: WSJ

(Reuters) - Wells Fargo & Co (WFC.N), the third-largest U.S. bank by assets, has fired four foreign-exchange bankers amid an investigation into that business by both the bank and regulators, the Wall Street Journal reported, citing people familiar with the matter and the bank.

FILE PHOTO: A Wells Fargo bank sign is pictured in downtown Los Angeles, California, U.S. August 10, 2017. REUTERS/Mike Blake/File Photo

The foreign-exchange investigation now shows there is also trouble in Wells Fargo's investment-banking arm, the WSJ reported. (on.wsj.com/2yCUaNF)

Wells Fargo did not respond immediately to a Reuters request for comment.

Reporting by Diptendu Lahiri in Bengaluru; Editing by Anil D'Silva

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