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Wells Fargo Sees ‘Possible’ Legal Losses Rising by $500 Million

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Wells Fargo Sees ‘Possible’ Legal Losses Rising by $500 MillionThe higher estimate for “reasonably possible” legal losses -- essentially a worst-case scenario -- shows risks grew as the bank and authorities examined abuses in recent months and discussed potential penalties. The change stems from “a variety of matters,” including probes of its sales to retail customers, Wells Fargo wrote Wednesday in an annual regulatory report.




from Yahoo News - Latest News & Headlines https://ift.tt/2SwIna9

Wells Fargo Sees ‘Possible’ Legal Losses Rising by $500 Million Wells Fargo Sees ‘Possible’ Legal Losses Rising by $500 Million Reviewed by TUNI ON LINE CENTER AMBIKAPUR on फ़रवरी 28, 2019 Rating: 5

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