Bloomberg News

JPMorgan, U.S. Said to Announce $13 Billion Settlement Tomorrow

November 18, 2013

JPMorgan Chase & Co. (JPM:US) and the U.S. Justice Department will announce tomorrow a $13 billion settlement to resolve civil probes into the bank’s sale of mortgage bonds, a person familiar with the matter said. A portion of the total proposed settlement was resolved earlier with the Federal Housing Finance Agency.

To contact the reporter on this story: Tom Schoenberg in Washington at tschoenberg@bloomberg.net

To contact the editor responsible for this story: Sara Forden at sforden@bloomberg.net


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Companies Mentioned

  • JPM
    (JPMorgan Chase & Co)
    • $59.77 USD
    • 1.34
    • 2.24%
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