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Wells Fargo cancels Las Vegas events

NEW YORK -- As reported by Reuters: "Wells Fargo & Co, which received $25 billion from the government's bank bailout program four months ago, said it had canceled employee events in Las Vegas after a report saying it had booked expensive hotels.

"The move came after the Associated Press said the bank had booked 12 nights at the Wynn Las Vegas and the Encore Las Vegas, two of that city's more upscale hotels, as part of a conference for top mortgage officials.

"Wells Fargo had also been planning a 3-day meeting starting on Feb. 25 for 40 insurance employees at another high-end hotel, the Mandalay Bay Resort & Casino, according to the Las Vegas Convention and Visitors Authority's website..."

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