Chase BankBy Dan Freed, TheStreet

As U.S. banks struggle to put the financial crisis behind them, legal overhang remains a major issue.

Whether its big institutional investors who say banks must repurchase bonds stuffed with fraudulent home loans, homeowners or attorneys general suing over improper foreclosures, or merchants suing over anticompetitive credit card fees, banks have no shortage of legal hassles. JPMorgan Chase (JPM) alone is fighting 10,000 lawsuits.

Here, courtesy of Nomura, are the five banks facing the biggest litigation costs beyond what they have already set aside as a percentage of consensus earnings for 2012-2013.




More on TheStreet.com

9 Oil, Gold Stocks That Rise on Bad News
Bank of America Has It Right on Fees, So Back Off
10 Top Warren Buffett Dividend Stocks


Increase your money and finance knowledge from home

Small Cap Investing

Learn now to invest in small companies the right way.

View Course »

Introduction to Value Investing

Are you the next Warren Buffett?

View Course »

Add a Comment

*0 / 3000 Character Maximum