Litigation costs continue to batter the balance sheets of European investment banks, with analysts at Credit Suisse now estimating that 10 of the region's largest are facing a near $25bn shortfall for fighting future legal cases.

Settled litigation costs over the past three years have totalled $19bn, according to a report from the Swiss bank this morning. This figure has been dominated by costs associated with mis-sold products ($11bn) but also includes settlements in relation to Libor fixing ($2.6bn) and money laundering ($2.4bn).