The San Francisco company said it might have to spend as much as $2.7 billion more than what it set aside by the end of December to resolve a variety of investigations and other legal troubles — up from $2.2 billion at the end of September. The higher estimate for “reasonably possible” legal losses — essentially a worst-case scenario — shows risks grew as the bank and authorities examined abuses in recent months and discussed potential penalties.

Source: Los Angeles Times February 27, 2019 23:48 UTC