News Headline Summary

Wells Fargo (WFC) says their part of settlement will be USD 766mln

- Co. sees pretax charge of USD 644mln.
- Co. is to commit added USD 1.2bln to foreclosure prevention.

Update details:

- Earlier today, Wells Fargo and 9 other mortgage servicers entered into settlement agreements with the OCC and the Federal Reserve Board that would end their independent foreclosure review.

Print 21:13, 07 Jan 2013 - US Equities - Source: Newswires