Aug 3 Wells Fargo & Co said on Wednesday that it did not experience any material impact on its UK or other foreign businesses as a result of Britain's vote to leave the European Union. Wells Fargo said the higher end of its potential litigation losses in excess of its liability for probable losses was about $1 billion as of June 30. (bit.ly/2aJdXhX) The lender's total net exposure to the United Kingdom totaled $27.06 billion as of June 30. (Reporting by Nikhil Subba in Bengaluru; Editing by Savio D'Souza)
Wells Fargo & Co did not make a statement about impact on its UK or other foreign businesses as a result of Britain's vote to leave the European Union on June 30.
According to the text: "Aug 3 Wells Fargo & Co said on Wednesday that it did not experience any material impact on its UK or other foreign businesses as a result of Britain's vote to leave the European Union." The June 30 date was unrelated, but the model was fooled by tacking that date on.
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