Wednesday, September 25, 2013

JPMorgan in talks to settle government cases for $11 billion, person says - The Washington Post

JPMorgan in talks to settle government cases for $11 billion, person says - The Washington Post: "JPMorgan Chase is in talks to pay state and federal authorities $11 billion to resolve investigations into its sale of shoddy mortgage securities during the financial crisis, a person familiar with the talks said Wednesday."
"Yet it amounts to a sliver of the losses incurred by investors who purchased mortgage securities that turned sour when the housing market crashed in 2008."

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