Wells Fargo shares fall; fears of payout cut, losses (Reuters)

A Wells Fargo bank branch is framed by North Table Mountain in Golden, Colorado January 28, 2009. (Rick Wilking/Reuters)Reuters – Wells Fargo & Co shares fell on Wednesday to their lowest level in almost 12 years before recovering amid fears the fourth-largest U.S. bank could cut its dividend and post higher losses after its purchase of Wachovia.

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