Wells Fargo & Co. said today that it agreed to pay $1.2 billion to resolve certain civil claims government regulators had pending against the company, MarketWatch.com reported. The claims were related to the bank's Federal Housing Administration lending program from 2001 through 2010, and other potential civil claims. As a result of the payment, Wells Fargo said that it reduced its 2015 earnings by $134 million, or 3 cents a share. "Although the company and the Federal Government have reached an agreement in principle to resolve these matters, there can be no assurance that the company and the Federal Government will agree on the final documentation of the settlement," Wells Fargo stated in a regulatory filing.
