(Reuters) – Wells Fargo (WFC) Leader Government Officer Charlie Scharf mentioned on Thursday that the U.S. lender would possibly lose $2 billion to $3 billion on its business actual property place of business mortgage portfolio. “Now we have reserved for it all, so the steadiness sheet is de-risked, however it’ll play out over 3, 4 years,” Scharf mentioned at an match. (Reporting through Jaiveer Singh Shekhawat in Bengaluru; Enhancing through Alan Barona)
