Wells Fargo has revealed in its annual filing that it continues to face federal and state bankruptcy investigations , despite the $ 1.2bn settlement reached in early February to resolve claims of misconduct related to mortgages insured by the Federal Housing Corporation . Additionally , the filing revealed the bank has set aside $ 1.2bn in reserves for potential losses tied to oil and gas prices ; soured energy prices soared by 49 % for 4Q15 due to the tumbling asset prices . About 10 % of Wells Fargo 's total loan - loss reserves are related to oil and gas , despite those loans only accounting for 2 % of its overall loan portfolio .
Wells Fargo has revealed in its annual filing that it continues to face federal and state mortgage investigations, despite the $1.2bn settlement reached in early February to resolve claims of misconduct related to mortgages insured by the Federal Housing Administration. Additionally, the filing revealed the bank has set aside $1.2bn in reserves for potential losses tied to oil and gas loans; soured energy loans soared by 49% for 4Q15 due to the tumbling oil prices. About 10% of Wells Fargo's total loan-loss reserves are related to oil and gas, despite those loans only accounting for 2% of its overall loan portfolio.