Wells Fargo agreed Tuesday to pay $110 million to settle a class-action lawsuit by customers. The settlement covers named plaintiffs in Arizona and California.
The settlement is looking to resolve claims that Wells Fargo's high-pressure culture drove workers to meet sales quotas by opening unauthorized accounts, including forging signatures.
The two plaintiffs in Arizona and California said the bank opened nine and seven fraudulent accounts in their names, respectively.
Wells Fargo has since abandoned sales quotas.
Its new chief executive, Tim Sloan said in January the bank still has "a lot of work to do" to rebuild trust with customers, employees and other stakeholders.
The settlement agreement is yet to be approved by the court.
