Wells Fargo to take $1.4 billion charge for bad loans
Wells Fargo to take $1.4 billion charge for bad loans
NEW YORK (Reuters) – Wells Fargo & Co , the second-largest U.S. mortgage lender, said on Tuesday it would take a $1.4 billion fourth-quarter charge largely related to losses on home equity loans as the nation’s housing market deteriorates.
Source: feeds.reuters.com
About Pete Southern
Pete Southern is an active trader, chartist and writer for market blogs. He is currently technical analysis contributor and admin at this here blog.
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