‘Banks are under assault,’ says JPMorgan CEO after legal costs shave 6.6% off bank’s fourth-quarter profit | Financial Post

JPMorgan Chase & Co, the biggest U.S. bank by assets, reported a 6.6% drop in quarterly profit as legal costs exceeded US$1 billion in the wake of government probes, leading Chief Executive Jamie Dimon to claim banks were “under assault.”

via ‘Banks are under assault,’ says JPMorgan CEO after legal costs shave 6.6% off bank’s fourth-quarter profit | Financial Post