Wells Fargo & Co.'s (WFC) $1 billion fine stems from its auto- and mortgage-lending practices, not its wealth-management practices. In a headline at 9:10 a.m. EDT, it was incorrectly stated that the settlement covered claims over auto insurance, mortgage and wealth-management practices.

(END) Dow Jones Newswires

April 20, 2018 10:41 ET (14:41 GMT)

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