UPDATE 3-Wells Fargo reports falling profit as legal costs mount
October 15, 2019 at 16:58 PM EDT
Wells Fargo & Co reported lower profits on Tuesday as the bank braced for additional legal expenses tied to a scandal that erupted more than three years ago. The fourth-largest U.S. bank by assets set aside $1.6 billion for legal expenses related to previously disclosed sales practices. It has been operating under heavy scrutiny since 2016 revelations that employees opene
