1. Wells Fargo Could Add $200M+ To Legal Bill

    Wells Fargo Could Add $200M+ To Legal Bill

    Share Wells Fargo is still facing heat from last year’s fraudulent accounts scandal, as lawsuits against the financial firm are reportedly piling up. In the financial company’s quarterly filing released late last week, Wells reported that it expects that losses from legal actions could exceed provisions by an estimated $2 billion, up from the $1.8 billion the company reported a few months back...

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    1. The outcomes of legal actions are unpredictable and subject to significant uncertainties, and it is inherently difficult to determine whether any loss is probable or even possible.
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