That figure is on top of a planned reduction of 3, 000 to 4, 000 workers in CCB at large, though in the broader segment expenses are expected to increase modestly as the bank invests in the business.
Writing off the costs each year would substantially boost their after-tax income and increase the attractiveness of contingency-fee cases as an investment, much as tax writeoffs on drilling expenses dramatically increase the odds of financial success in the oil and gas business.