American Wells Fargo & Co has agreed to pay a $ 2.9 billion fine to settle a lawsuit filed by the US Department of Justice that accuses the bank of non-legal actions during the sale of mortgage securities.

According to the representative of the Ministry of Justice, the employees of the bank were aware that the loans provided on those papers were given to persons who provided inaccurate information on income.

Damage caused by the Bank's operations to government infrastructures is estimated at several billion dollars.

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