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)
Britain's vote to leave the European Union did not affect banks significantly.
Wells Fargo said it did not experience any material impact as a result of Britain's vote to leave the European Union - this does not mean banks in general were not affected.
( z1 affect :polarity - :ARG0 ( z2 vote :ARG0 ( z3 country :name ( z4 name :op "Britain" ) ) :ARG1 ( z5 leave :ARG0 z3 :ARG1 ( z6 organization :name ( z7 name :op "European" :op "Union" ) ) ) ) :ARG1 ( z8 bank ) :ARG1-of ( z9 significant ) )