home Local News Wells Fargo profits fall 18% due to legal costs

Wells Fargo profits fall 18% due to legal costs


Wells Fargo’s third-quarter profits dropped 18%, caused by a significant increase in the bank’s legal expenses tied to its mortgage practices before the financial crisis.

The increase in legal expenses comes as the San Francisco-based bank tries to move beyond its recent scandals involving unauthorized…



Source: LA Times

Read More: Wells Fargo profits fall 18% due to legal costs

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