Bank's legal spend 30% up from same period in 2013
January 14, 2015 at 09:57 AM
1 minute read
The original version of this story was published on Legalweek
JPMorgan Chase paid out $1.1bn (£722m) in legal costs in the fourth quarter of 2014, the bank’s latest earnings release has revealed.
The payout put a significant dent in net income, which totalled $4.9bn (£3.2bn) for the quarter, down from $5.3bn (£3.5bn) for the same period in 2013, when legal costs stood at $847m (£555m).
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