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

Wells Fargo Sees ‘Possible’ Legal Losses Rising by $500 Million https://ift.tt/2NylZN5 February 28, 2019 at 03:35AM Yahoo News - Latest News & Headlines https://ift.tt/27ryfmF

The 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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