Wells Fargo To Pay $24M To Settle Securities Lending Suit

By Eric Hornbeck (December 14, 2012, 2:31 PM EST) -- Sarasota County, Fla., said Friday that Wells Fargo Bank NA will pay $23.75 million to resolve allegations that Wachovia Bank NA, which Wells Fargo bought in 2008, shouldn't have invested the county's money in Lehman Brothers Holdings Inc. and a risky collateralized debt obligation....

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