JP Morgan swung to a third-quarter loss as the bank reeled from billions of dollars in legal expenses.

JP Morgan's pre-tax litigation expense was $9.15 billion, versus the $684 million reported a year earlier and $600 million in the second quarter. The bank had said it expected to increase litigation reserves by at least $1.5 billion this quarter.

JP Morgan swings to loss on legal expense

Chief executive Jamie Dimon says the third quarter was marred by a large legal expense

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