
Wachovia Bank N.A. And Wells Fargo Bank, N.A. Paid $58.75 million to multistate settle allegations of anticompetitive and fraudulent conduct in the municipal bond derivatives industry, including bid-rigging and submission of fraudulent certifications of compliance with U.S. Treasury regulations. This was part of a larger $148 million settlement that also involved federal agencies:-wachovia-bank-na For more info visit https://web.archive.org/web/20161231114453/http://www.ag.ny.gov/press-release/ag-schneiderman-announces-5875-million-settlement-wachovia