Curry warns of additional penalties for noncompliance

09/5/2013 | Bloomberg

Banks will pay more if they continue making compliance mistakes, Comptroller of the Currency Thomas Curry says. So far, large banks including JPMorgan Chase and Bank of America have paid more than $103 billion in legal bills since the 2008 financial crisis, and penalties are "subject to additional ratcheting up if there's continued noncompliance," Curry said.

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