WFC, BAC and Other Banks Continue to Fight LawsuitsVW Staff
Banks continue to face the ghosts of mortgage related issues, as judged from SEC filings that require a bank to disclose the potential litigation losses that may exceed its legal reserves.
Wells Fargo & Company (NYSE:WFC)'s latest quarterly filing reveals that "reasonably possible potential litigation losses" that were in excess of the legal reserves were $1.2 billion, higher by 30 percent over the previous quarter. Wells . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email firstname.lastname@example.org and we will get back to you as quick as humanly possible