JPMorgan (JPM), U.S. DoJ Enter 'Landmark' Settlement Over MBS Sales
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JPMorgan (JPM), FDIC Enter $515.4M RMBS Settlement
November 19, 2013 3:15 PM ESTThe Federal Deposit Insurance Corporation (FDIC) as Receiver for six failed banks has announced a $515.4 million settlement with JPMorgan Chase & Co. (NYSE: JPM) and its affiliates (JPMorgan) of the receiverships' federal and state securities law claims based on misrepresentations in the offering documents for 40 residential mortgage-backed securities (RMBS) purchased by the failed banks. The settlement funds will be distributed among the receiverships for the failed Citizens National Bank, Strategic Capital Bank, Colonial Bank, Guaranty Bank, Irwin Union Bank and Trust Company, and United Western Bank. As part... More
JPMorgan Chase (JPM), U.S. DoJ Enter Record $13B MBS Settlement
November 19, 2013 2:47 PM EST(Updated - November 19, 2013 2:58 PM EST)
Justice Department, Federal and State Partners Secure Record $13 Billion Global Settlement with JPMorgan (NYSE: JPM) for Misleading Investors About Securities Containing Toxic Mortgages
The Justice Department, along with federal and state partners, today announced a $13 billion settlement with JPMorgan - the largest settlement with a single entity in American history - to resolve federal and state civil claims arising out of the packaging, marketing, sale and issuance of residential mortgage-backed securities (RMBS) by JPMorgan, Bear Stearns and Washington Mutual prior to Jan. 1, 2009. As part of... More
J.P. Morgan (JPM), U.S. DoJ to announce $13 billion deal Tuesday - WSJ
November 18, 2013 6:06 PM ESTJ.P. Morgan (NYSE: JPM), U.S. DoJ to announce $13 billion deal Tuesday - WSJ... More
