Bloomberg News reports that the agreement includes loans made under the program from 2001 to 2010, the bank said Wednesday in a filing. Because Wells Fargo had to add to legal costs, the firm lowered its 2015 earnings by $134m, or 3 cents a share, to according to the filing. The firm said in January that they earned $23bn, or $4.15 a share, last year.
Wells Fargo was one of five banks that agreed in 2012 to the $25bn nationwide settlement with the Justice Department over mortgage-related claims that included botched foreclosures.
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