Thursday, February 28, 2019

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

at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Scientists say this type of olive oil could boost brain power

Extra virgin olive oil might help protect your brain by working through your gut. A two-year study found that people who consumed it had bet...