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

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 RSSMix.com Mix ID 8260727 https://ift.tt/2SwIna9

Comments

Post a Comment

Popular posts from this blog

Cards replace Yanks as White Sox opponent at Field of Dreams

The St. Louis Cardinals have replaced the New York Yankees as the opponent for the Chicago White Sox in the Field of Dreams game on Aug. 13 at Dyersville, Iowa. The schedule change caused by the new coronavirus pandemic meant the White Sox no longer play the Yankees this season. The new opponent, first reported by The Des Moines Register, was confirmed to The Associated Press by a person familiar with the arrangements who spoke on condition of anonymity Wednesday because the matchup has not been announced. from RSSMix.com Mix ID 8260652 https://ift.tt/3ipcheH
Read more