Law firms A $2.9bn cost – US bank results reveal lenders still suffering from high legal expenses Legal Business · 15 January 2015 · 1 min read Financial services US 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 ContentMore in this categoryMeet the 35 GCs making the grade in first-ever Legal 500 UK Powerlist Hall of FameIn-HouseTheresa Hargreaves20 Apr 2026Former SEC enforcement director joins Barclays as new legal headIn-HouseTheresa Hargreaves20 Apr 2026‘We see more of the market than any other firm’ – why Latham’s City finance team wants to have it allLaw firmsWill Lewallen17 Apr 2026Clifford Chance names Cohen first New York managing partner amid fresh bid to crack America with Houston office openingLaw firmsHolly McKechnie28 Jun 2023International Women’s Day 2022: Barbara L. Becker, chair & managing partner, Gibson Dunn, New YorkLaw firmsMegan Mayers8 Mar 2022International Women’s Day 2022: Perlette Jura, Gibson Dunn, Los Angeles – disputesLaw firmsMegan Mayers8 Mar 2022Revolving doors: Simpson Thacher, Latham, Sidley lead New Year London movesLaw firmsAnna Huntley9 Jan 2025‘Seize every opportunity’ – Paul Hastings partner Reena Gogna on City law, Suits and poetryLaw firmsAnna Huntley7 Jan 2025Five partners vie to succeed Hoyland as Simmons managing partnerLaw firmsTom Cox7 Jan 2025