Bank of America and Wells Fargo Most Sued Banks in 2010

http://www.dsnews.com/articles/bank-of-america-and-wells-fargo-most-sued-banks-in-2010-2011-01-25

A recent report by Institutional Risk Analytics (IRA) says Bank of America and Wells Fargo are two of the most sued financial service firms in the United States. IRA says that mortgage exposure is what is causing these two banks and others in similar situations to be embroiled in so many federal legal cases. In addition, the firm points to the added burden many of these companies are also facing in litigation that will not reach federal court, such as cases involving foreclosure practices.


Note Wells still showed a profit in 2010 and laid off people.