Wells Fargo Warns it May Find 'Significant Increase' in Unauthorized Accounts - NBC 7 San Diego
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Wells Fargo Warns it May Find 'Significant Increase' in Unauthorized Accounts

The company's shares fell Friday

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    Wells Fargo Warns it May Find 'Significant Increase' in Unauthorized Accounts
    Justin Sullivan / Getty Images
    Customers use ATMs at a Wells Fargo Bank branch office on July 14, 2017, in San Francisco, California.

    A new review of Wells Fargo’s consumer sales scandal could reveal a “significant increase” in unauthorized accounts, CNBC reported Friday.

    "We expect that our review of the expanded time periods ... may lead to a significant increase in the identified number of potentially unauthorized accounts," the firm said in a filing with the U.S. Securities and Exchange Commission. "However, we do not expect any incremental customer remediation costs as a result of these efforts to have a significant financial impact on the Company."

    Wells Fargo said legal costs are expected to exceed the $3.3 billion it had already set aside.

    Shares fell 1 percent on Friday in light of the news.

    Attack Kills 13, Police Kill 5 Suspects in Spain: Officials

    [NATL] 13 Killed in Car Attack in Barcelona; 5 Suspects Killed in Cambrils: Officials

    A white van jumped the sidewalk in Barcelona’s Las Ramblas district on Aug. 17, 2017. Police say 13 people have been killed and more than 100 injured in this terrorist attack. The area is one of the city’s top tourist destinations. Later, police shot and killed five terror suspects in Cambrils, Spain, in a separate incident.

    (Published Thursday, Aug. 17, 2017)

    The bank has been embroiled in a scandal since last fell when it was discovered that workers had opened about 2 million consumer deposit and credit card accounts without customers’ authorization.