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Goldman: $3.4 Billion in Possible Litigation Losses

Wall Street Journal Original article ›

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Goldman Sachs estimates litigation related losses at $3.4 billion and J.P. Morgan Chase estimates litigation related losses of $4.5 billion after the financial crisis of 2008. Citigroup's estimate is $4 billion, Bank of America's is $1.5 billion, Wells Fargo at $1.2 billion above reserves. These are potential legal losses required in reporting to the S.E.C. under the new rules. These losses are above the amount already set aside by the individual banks.

Legal bills of American Banks

01/05/2009

Legal bills and litigation losses of US Banks after the financial crisis of 2008.

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