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Bank Legal Costs

Banks' Future Legal Bills Get Smaller Every Day

Mark Gongloff | Posted 06.04.2013 | Business
Mark Gongloff

Big banks' future legal bills just keep getting smaller all of the time. In the latest boon from the bench, JPMorgan Chase on Wednesday convinced U.S. District Judge Jed Rakoff to dismiss the vast majority of claims brought against it by Dexia, slashing JPMorgan's potential liability in the case to $5.7 million from $774 million, according to JPMorgan's lawyer.

Big Banks Face $100 Billion Legal Tab (At Least)

The Huffington Post | Mark Gongloff | Posted 03.28.2013 | Business

You may think that being a too-big-to-fail bank is just one long, consequence-free romp, but it does come at some cost: an enormous and growing legal ...