The Office of the Comptroller of the Currency assessed a civil money penalty of $20 million against Wells Fargo Bank, N.A. And required it to pay more than $14.5 million in restitution for the involvement of the bank's predecessor institutions, Wachovia Bank N.A. And First Union National Bank in an alleged bid rigging scheme involving the marketing and sale of certain derivative financial products to various municipalities and Section 501(c)(3) organizations harmed by the predecessor banks' misconduct during the period 1997-2006. For more info visit http://occ.gov/news-issuances/news-releases/2011/nr-occ-2011-144.html