Profits were nearly cut in half (falling 49 per cent) and the share price fell 1per cent when the results were announced yesterday morning. The size of the legal expense is 38 per cent of the organisation's biggest cost, its $3.8b payroll bill. The settlement being discussed with the Justice Department could be between $2b and $3b, according to someone familiar with the situation. The bank set aside $944b in legal provisions in the 15 months to 31 March. Source: Bloomberg
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