August 2, 2019 / 8:38 PM / 21 days ago

Wells Fargo boosts estimate for possible legal reserve shortfall to $3.9 billion

NEW YORK, Aug 2 (Reuters) - Wells Fargo & Co said on Friday that it boosted its estimate for a possible legal reserve shortfall to $3.9 billion for the quarter ending June 30, from $3.1 billion earlier this year, according to a regulatory filing.

The bank said that the increase was due to "a variety of matters, including retail sales practices matters." (Reporting By Elizabeth Dilts; Editing by Cynthia Osterman)

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