October 19, 2013

BUT THEY CAN'T GIVE MAVERICK BACK THE ELECTION:

JPMorgan, U.S. in tentative $13 billion settlement (Evan Perez and James O'Toole, October 19, 2013, CNNMoney)

JPMorgan Chase and the Department of Justice have tentatively agreed to a $13 billion civil settlement to resolve several investigations into the bank's mortgage business, according to a U.S. official familiar with the negotiations.

The settlement includes $9 billion in fines and penalties and $4 billion in 'consumer relief,' including loan modifications, the official said.

A federal criminal investigation based in Sacramento continues, and the deal does not include a non-prosecution agreement that JPMorgan Chase had insisted be part of the deal, the official said.

As the criminal case develops, JPMorgan Chase has agreed to assist in an investigation that is pursuing possible charges against individuals, the official told CNN.

Posted by at October 19, 2013 4:22 PM
  

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