The bank has a mounting series of problems stemming from the fraudulent opening of retail and credit card accounts by employees starting in 2011.
In addition to the settlement, Wells has been hit with backlash over executive compensation, questions over its debt, and more.
14:56 Read what Steven Mnuchin will say at his Treasury confirmation hearing18
14:40 A Rick Perry Reversal on Gutting Energy Department14
11:02 Five things to watch for in Mnuchin hearing20
15:47 The Daily 202: Lamar Alexander is dragging Betsy DeVos across the finish line to become secretary of education22