Wells Fargo decreases expected litigation expenses by $50 million

The company now expects to suffer just $950 million in litigation losses

 With Morgan Stanley one of the most recent financial institution to be a large settlement concerning the financial crisis, is there any bank out there that is actually decreasing its expected litigation spending? Apparently, that bank exists, and its name is Wells Fargo.

In a regulatory filing on Feb. 26, Wells Fargo announced that it had decreased the amount of losses the company expects to suffer through litigation from $1 billion at the end of 2012 to $950 million at the end of 2013.

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Zach Warren

Zach Warren is Assistant Editor of InsideCounsel magazine, where he oversees online content submissions and administers InsideCounsel's enewsletters. Zach specializes in new media and multimedia...

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