Economic

JPMorgan profits hit by legal costs

“JPMorgan Chase, the US’s largest bank, has posted profits down by 6.6%, dragged lower by legal costs.

The bank paid almost $1bn (£659m) in costs due to a range of investigations into alleged wrongdoing, and had set aside more money to cover bad debts.”

(Source: BBC News – JPMorgan profits hit by legal costs

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