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Wells Fargo lifts estimate of possible unreserved legal costs
August 6, 2014 / 5:50 PM / 3 years ago

Wells Fargo lifts estimate of possible unreserved legal costs

Aug 6 (Reuters) - Wells Fargo & Co said on Wednesday that its legal costs could exceed its litigation reserves by $1.2 billion as of the end of June.

The estimate was up from $911 million at the end of March and was disclosed in a quarterly filing with U.S. Securities and Exchange Commission. (Reporting by David Henry in New York; Editing by Chris Reese)

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