Wells Fargo could settle investigations for $1 billion
SFGate -

Wells Fargo's profit jumped 6 percent during the first quarter, but that may be revised following an offer by federal regulators to settle a host of investigations into the consumer banking giant at a cost of $1 billion.

Two other of the country's biggest banks, JPMorgan Chase and Citigroup, also posted strong earnings, helped by the tax law passed late last year.

Rising interest rates helped JPMorgan Chase and Citigroup, but not Wells Fargo, which continues to...


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