“Wells Says New Regulations to Cost $530M”
“Wells Fargo said Monday that new financial regulation will cost the San Francisco bank $530 million in lost revenue this year.
The bank expects changes to its overdraft practices and other new policies will reduce its fee income $225 million, after tax, in the third quarter and $275 million in the fourth quarter.” Read more.
“Wells Says New Regulations to Cost $530M”
Mark Calvey
San Francisco Business Times, August 9, 2010.
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