(CNBC) — Federal prosecutors are investigating Wells Fargo, after the bank was fined for opening unauthorized accounts, The Wall Street Journal reported, citing sources.
The Journal said that the investigation is in its early stages and that prosecutors have yet to decide whether they would pursue a civil or criminal case, should they choose to. The bank has been issued a supboena, people familiar with the matter told the Journal.
Shares of Wells Fargo were last down about 0.7 percent on Wednesday.
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Wells Fargo declined to comment to CNBC.