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A $2.9bn cost – US bank results reveal lenders still suffering from high legal expenses

A $2.9bn cost – US bank results reveal lenders still suffering from high legal expenses
Author Avatar
Legal Business
15 January 2015
Financial 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.

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