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"Under assault", JPMorgan's Q4 profit falls 6.6%

Thursday, January 15, 2015 - 05:50

New York

JPMORGAN Chase & Co, the biggest US bank by assets, reported a 6.6 per cent drop in quarterly profit as legal costs exceeded US$1 billion in the wake of government probes, leading chief executive Jamie Dimon to claim that banks were "under assault".

JPMorgan agreed in