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"We believe that if these trends continue, losses in about half of our 13 consumer lending businesses would have already peaked," said Howard I. Atkins, Wells Fargo's chief financial officer.
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"They need new capital because continuing losses and losses of confidence require new capital".
Excessive executive pay is still far too routine, in spite of corporate scandals and continued losses.
Tuesday's fall came after JPMorgan Chase warned of continuing losses.
The board has been unable to raise money for continuing losses.
The opponents of same-sex marriage made clever use of their continuing losses in public opinion.
But Mr. Kittay depended on a single financial backer to subsidize the company's continuing losses.
The strong performance from sports stores offset continued losses at JD's fashion and outdoorwear divisions.
Purchases at those levels would leave the state to absorb large, continuing losses.
He added, however: "It will have to be done" even at a time of "continuing losses".
That will serve to insulate M&T from continuing losses in the portfolio.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com