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المشهد العربي
Wells Fargo shares fall over lending claims
Wells Fargo stock fell by 1.77%, reaching $80.07, after the U.S. Department of Housing and Urban Development announced an official investigation into the bank's violation of fair lending laws. This move is part of the department's efforts to increase homeownership rates among Black citizens, and the decline represents part of the stock's overall losses of 14.10% since the start of the year. The department also sent a letter to the bank's CEO, Charlie Sharf, to inquire about the details of the investigation.
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