August 3, 2016 / 7:22 PM / 2 years ago

Wells Fargo says no material impact from Brexit vote

(Reuters) - Wells Fargo & Co (WFC.N) 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.

    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

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