These are the stocks posting the largest moves before the bell.Market Insiderread more
Qualcomm suppressed competition in the market for cellphone chips and used its position to impose excessive licensing fees, a U.S. judged ruled.Technologyread more
Morgan Stanley caused a stir with its "bear case" scenario of $10. Now, Citi is getting in on the act.Investingread more
Treasury Secretary Steven Mnuchin is scheduled to testify before the House Financial Services Committee on Wednesday about the international financial system.Politicsread more
Target's e-commerce sales also surged 42%, as shoppers increasingly turned to its curbside pickup service for online orders, something Amazon can't offer.Retailread more
Stock markets are slowly healing from the worst of the month's trade war sell-off, and one under-the-surface indicator suggests the S&P 500 might completely recover before...Trading Nationread more
Treasury Secretary Steven Mnuchin said nothing is scheduled yet for the U.S. to go to Beijing for the next round of trade talks.Marketsread more
Homeowners are taking advantage of lower interest rates, rushing to refinance their mortgages before rates potentially turn higher again.Real Estateread more
The U.S. Justice Department's Antitrust Division staff has recommended the agency sue to block T-Mobile US's $26 billion acquisition of smaller rival Sprint, according to two...Technologyread more
Here are the biggest calls on Wall Street on WednesdayInvestingread more
Lowe's shares plummeted 8% before the bell Wednesday after the company posted mixed fiscal first-quarter results and cut its forecast for the year, as higher costs weighed on...Retailread more
(Adds company comment, paragraphs 3-6)
May 3 (Reuters) - Wells Fargo & Co said on Friday it expects to refund some servicing fees to customers who may have been confused about how to avoid monthly charges.
The San Francisco-based bank said in a securities filing it was reviewing past disclosures to consumers about mininum debit card activity requirements to waive certain monthly fees.
Roughly 90 percent of customers successfully avoid paying servicing fees on checking accounts by meeting certain requirements, said Wells Fargo spokesman Jim Seitz.
Consumers can get waivers for the monthly fee by connecting a qualifying direct deposit or keeping the a minimum daily balance among other things.
The bank has made changes to address guidelines for how to get a waiver through debit card use that had the potential to be confusing. "We have made improvements in how we communicate all of the ways customers qualify for a monthly service fee waiver, and how they can track their progress," Seitz said. "Its the right thing to do for our customers."
The disclosure adds to the long list of remediation efforts going on at the fourth-largest U.S. bank by assets after a string of admissions that it may have improperly charged customers for various financial products.
The bank became mired in scandal in 2016 when it revealed it had opened potentially millions of unauthorized accounts. Since then, issues have cropped up in each of Wells Fargo's primary business segments.
Wells Fargo has said it is committed to compensating all customers affected by its actions and has already paid out tens of millions of dollars to make consumers whole.
In the same filing the company also raised the high end of potential losses in excess of the company's accrual to $3.1 billion, up from $2.7 billion at the end of last year. (Reporting by Imani Moise Editing by Phil Berlowitz and David Gregorio)