A $2.9bn cost – US bank results reveal lenders still suffering from high legal expenses Legal Business15 January 2015Financial servicesUS US banks have started to announce their results for Q4 2014, revealing a large hit to balance sheets from legal expenses with JPMorgan Chase spending $1.1bn and Citigroup $2.9bn, just in the three months to 31 December 2014.Your limit of 1 article in 30 days is up. Please login for full access or subscribe. Corporate users - click here for simple access (no password needed). For more information, please contact [email protected] Related ContentMore in this categoryFrom start-up to $75bn valuation: Revolut’s legal chief on a ‘once-in-a-lifetime’ roleSullivan & Cromwell makes double partner hire from Paul Hastings in LondonTop UK trio lead as NatWest snaps up Evelyn Partners for £2.7bnClifford Chance names Cohen first New York managing partner amid fresh bid to crack America with Houston office openingInternational Women’s Day 2022: Barbara L. Becker, chair & managing partner, Gibson Dunn, New YorkInternational Women’s Day 2022: Perlette Jura, Gibson Dunn, Los Angeles – disputesRevolving doors: Simpson Thacher, Latham, Sidley lead New Year London movesFive partners vie to succeed Hoyland as Simmons managing partner‘Seize every opportunity’ – Paul Hastings partner Reena Gogna on City law, Suits and poetry