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Litigation and Probes Could Impact Wells Fargo’s Q3 Results

Andrew Brunton
Litigation and Probes Could Impact Wells Fargo’s Q3 Results

Continuous investigations and litigations are hurting Wells Fargo’s (WFC) bottom-line results. Last month, the Wall Street Journal reported that the United States Department of Justice was investigating potential employee fraud in the company’s Wholesale Banking division. Prior to that, the company had claims of gender bias in its Wealth Management division.