Wells Fargo To Pay $43M To Settle RMBS Trustee Litigation

By Bonnie Eslinger ( November 9, 2018, 11:29 PM EST) -- Wells Fargo Bank NA announced Friday it will pay $43 million to end allegations it failed to protect investors from billions of dollars in losses as the trustee for hundreds of residential mortgage-backed securities, a deal reached with certain institutional buyers, including funds affiliated with BlackRock Inc. and PIMCO. . . .

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