ML-Implode News - Banks' post-crisis legal costs hit $300bn

The total cost of litigation aimed at a group of the biggest global banks since 2010 has broken the Â£200bn ($306bn) barrier, according to a new study that challenges assumptions that banks are through the worst of post-crisis reparations.
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In the latest report, which runs until the end of last year, the total for 16 banks stands at Â£205.6bn of fines, settlements and provisions -- up almost a fifth from the previous year.
Despite that trend, many bank executives continue to act as if these are irregular charges from "legacy" issues, said Chris Steares, research director at the foundation. He noted that a recent flurry of settlements for currency manipulation cited abuses continuing until 2013.

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Banks' post-crisis legal costs hit $300bn