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 jasmine.glass@legalbusiness.co.uk Related ContentSullivan & Cromwell makes rare London lateral with hire of high-profile A&O Shearman partner‘A step into uber-entrepreneurial territory’ – Gateley’s CEO reflects on a decade as a listed law firmFCA unveils £20m legal line-up, with Clifford Chance and Eversheds among firms not reappointedClifford 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 moves‘Seize every opportunity’ – Paul Hastings partner Reena Gogna on City law, Suits and poetryFive partners vie to succeed Hoyland as Simmons managing partner