Citigroup has joined a raft of global financial institutions that have declared a substantial rise in their legal spend, up by 33% in the first quarter of 2014 compared to the same time last year, according to the bank’s financial report released yesterday (14 April).
Legal and related operating expenses stood at $945m for the first three months of 2014, compared with $710m for the equivalent period in 2013. The 2014 figure has also increased sharply when compared with the last quarter of 2013, up by 17% from $809m.
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]
