Wells Fargo agreed to pay $65 million in a settlement with the New York Attorney General’s Office on Monday for misleading investors about the depth of its fake-accounts scandal.

The settlement is a win for the beleaguered bank’s investors in New York, who lost money when the company didn’t initially disclose the full extent of the scandal, AG Barbara Underwood said in a statement.

“The misconduct at Wells Fargo was widespread across the bank and at every level of management — impacting both customers and investors who were misled,” Underwood said.

Underwood claims the bank misled the public when its former CEO, John Stumpf, told Congress that he first learned about the fake accounts in 2013 — about two years after the bank’s board was first informed about the issue.

“I’ve asked bankers … why people cheat … it’s because their manager tells them they’ll be fired if they don’t hit their minimums,” one Wells Fargo banker wrote in a 2011 internal email, according to the settlement.

“When the truth was publicly disclosed, New York investors lost millions of dollars,” the AG’s office said in its announcement.

“We are pleased to reach this agreement,” Wells Fargo spokesman Peter Gilchrist said in a statement. The company admitted no liability, he added.

Wells Fargo has been in government crosshairs for more than two years since three agencies accused the company of creating millions of fake accounts and credit cards in order to fulfill arbitrary quotas.

The bank has since dealt with the fallout of a number of other similar sales scandals, and is being investigated by the Justice Department, the Securities and Exchange Commission and other regulators.