UPDATE 3-Wells Fargo reports falling profit as legal costs mount
Wells Fargo & Co reported lower
profits on Tuesday as the bank braced for additional legal
expenses tied to a scandal that erupted more than three years
ago.
The fourth-largest U.S. bank by assets set aside $1.6
billion for legal expenses related to previously disclosed sales
practices. It has been operating under heavy scrutiny since 2016
revelations that employees opene
profits on Tuesday as the bank braced for additional legal
expenses tied to a scandal that erupted more than three years
ago.
The fourth-largest U.S. bank by assets set aside $1.6
billion for legal expenses related to previously disclosed sales
practices. It has been operating under heavy scrutiny since 2016
revelations that employees opene
Posted by Reuters
