Bank of America Pays More Than Anyone as Wall Street’s Legal Tab Tops $219 Billion

Bank of America Pays More Than Anyone as Wall Street’s Legal Tab Tops $219 BillionJPMorgan Chase , and 13 other global banks have spent at least $219 billion to cover legal costs since 2008, a new report from Moody’s Investors Service shows, in a tally of the staggering costs to investors of regulatory and criminal probes into market-rigging, money laundering and improper mortgage-bond sales.

Embedly Powered