3 years ago
robertr
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Huge Fine for JP Morgan
In an agreement settling many U.S. claims over its sale of troubled mortgages, JP Morgan Chase will pay a record $13 billion, in a deal announced by the Justice Department Tuesday. The plan includes a $4 billion payment for consumer relief, along with a payment to investors of more than $6 billion and a large fine. "The settlement does not absolve JPMorgan or its employees from facing any possible criminal charges," the Justice Department says.
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