Wells Fargo Expects to Refund Debit-Card Fees Amid Review (2)

Wells Fargo & Co. said it expects to refund certain fees paid on debit-card accounts as it reviews disclosures that may have confused customers.

The San Francisco-based bank, which is working to emerge from a series of customer-abuse scandals, also said Friday in a filing that potential legal losses rose by $400 million in the first quarter. It’s the second consecutive quarter that this figure -- essentially a worst-case scenario -- has risen at the bank.

Wells Fargo might have to spend as much as $3.1 billion more than what it set aside by the end of March to resolve ...