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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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Colombia presidential runoff pits leftist senator against pro-Trump rival

Left-wing senator Iván Cepeda will face Trump admirer Abelardo de la Espriella at the final ballot on 21 June. from BBC News https://ift.t...