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. Sign up here
If you are subscribed and having an account error please clear cache and cookies if that does not work email email@example.com or click chat