Headline Details

JPMorgan to pay $500 mln in mortgage settlement

Published on: Tue, 03 Feb 2015 15:12:42 UTC
News Agency: Reuters
Description:
NEW YORK, Feb 3 (Reuters) - JPMorgan Chase & Co has agreed to pay $500 million to end more than six years of class action litigation over Bear Stearns' sale of $17.58 billion of mortgage securities that proved defective during the U.S. housing and financial crises.

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