Thursday, 28 February 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)

3M Refuses White House Directive to Send Masks from Singapore to U.S., Citing Concern for Asian Medical Workers

Health care manufacturer 3M has resisted pressure from the White House to import about 10 million N95 respirator masks from the company'...