U.S. Bank Legal Bills Exceed $100 Billion

Mark Williams, School of Management

The six biggest U.S. banks, led by JPMorgan Chase & Co. (JPM) and Bank of America Corp., have piled up $103 billion in legal costs since the financial crisis, more than all dividends paid to shareholders in the past five years…

Expert quote:

“We now have 103 billion reasons why not doing the right thing is costly to banks. The risk of noncompliance has finally been appropriately priced.”

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