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Thu September 26, 2013
JPMorgan Likely To Settle Mortgage-Backed Securities Case
Originally published on Thu September 26, 2013 5:09 am
JP Morgan Chase is negotiating an $11 billion settlement, according to The Wall Street Journal. The firm would pay $7 billion in cash to regulators and $4 billion to consumers. JPMorgan is one of several large banks being investigated for its handling of mortgage-backed securities in the years leading up to the housing crisis.