As reported earlier by the Global Legal Post, JP Morgan faces a string of expensive legal issues for which it has had to make numerous previsions. In Q3 of 2013, it added another $9.2 billion to its legal reserves, taking them to $23 billion. Its losses in the quarter were $380 million, according to the Seattle Pi. The largest expense it faces is an $11 billion settlement being discussed with the US Department of Justice on its sale of mortgage-backed securities.
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