August 3, 2016 / 7:22 PM / a year 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.

The sign outside the Wells Fargo & Co. bank in downtown Denver April 13, 2016. REUTERS/Rick Wilking

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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