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    Wells Sees $150M ARS-Related Charge
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    SAN FRANCISCO (TheStreet) -- Wells Fargo (WFC Quote) said Wednesday it expects to take a $150 million after-tax charge this quarter to settle a lawsuit over auction-rate securities. "We have been working with ARS issuers since the auction rate market froze, and while there has been progress, redemptions by issuers have not occurred as fast as anyone would have hoped or predicted" Charles Daggs, CEO of Wells Fargo Investments, said in a statement.
    We have been working with ARS issuers since the auction rate market froze, and while there has been progress, redemptions by issuers have not occurred as fast as anyone would have hoped or predicted
    SOURCE: The Street 3 months ago

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