A new review of Wells Fargo’s consumer sales scandal could reveal a “significant increase” in unauthorized accounts, CNBC reported Friday.
"We expect that our review of the expanded time periods ... may lead to a significant increase in the identified number of potentially unauthorized accounts," the firm said in a filing with the U.S. Securities and Exchange Commission. "However, we do not expect any incremental customer remediation costs as a result of these efforts to have a significant financial impact on the Company."
Wells Fargo said legal costs are expected to exceed the $3.3 billion it had already set aside.
Shares fell 1 percent on Friday in light of the news.
The bank has been embroiled in a scandal since last fell when it was discovered that workers had opened about 2 million consumer deposit and credit card accounts without customers’ authorization.