Premise: Aug 3 Wells Fargo & Co said on Wednesday that it did not experience any material impact on its UK or other foreign businesses as a result of Britain's vote to leave the European Union. Wells Fargo said the higher end of its potential litigation losses in excess of its liability for probable losses was about $1 billion as of June 30. (bit.ly/2aJdXhX) The lender's total net exposure to the United Kingdom totaled $27.06 billion as of June 30. (Reporting by Nikhil Subba in Bengaluru; Editing by Savio D'Souza)
Hypothesis: Britain's vote to leave the European Union did not affect banks significantly.