"Wells Says New Regulations to Cost $530M"

Tuesday, August 10, 2010
"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. Image by djcodrin / FreeDigitalPhotos.net.