Wells Fargo Sees ‘Possible’ Legal Losses Rising by $500 Million - latest world news 2020

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    Thursday, February 28, 2019

    Home Yahoo News - Latest News & Headlines Wells Fargo Sees ‘Possible’ Legal Losses Rising by $500 Million

    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.




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