JPMorgan Reaches $4.5 Billion Agreement Over RMBS

JPMorgan Reaches $4.5 Billion Agreement Over RMBS Play

Nov. 15 (Bloomberg) -- JPMorgan Chase & Co., the largest U.S. bank, reached a $4.5 billion agreement to resolve claims from 21 institutional investors that the lender sold faulty mortgage bonds to the funds. The agreement covers repurchase demands and servicing claims on mortgage bonds issued by JPMorgan and Bear Stearns Cos. between 2005 and 2008. Pimm Fox and Julie Hyman report on Bloomberg Television's "Taking Stock." (Source: Bloomberg)

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