JPMorgan to pay $13bn to end probes
- Published: 20 Oct 2013 at 04.49
- Online news:
US banking giant JPMorgan Chase may pay a record $13 billion fine to the Justice Department to settle investigations into its residential mortgage-backed securities business, The Wall Street Journal reported Saturday.
People walk by JP Morgan Chase & Company headquarters in New York, August 14, 2013.
But the still tentative deal wouldn't resolve a criminal investigation into the bank's activities being conducted by a court in Sacramento, California, the Journal said.
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